A Timely Help:The Impact of China's Infrastructure Financing on Alleviating Multidimensional Poverty in the Countries along the Belt and Road
Eliminating poverty is the primary goal of the sustainable development agenda of the United Nations.Whether China's infrastructure financing can have a poverty reduction effect on the countries along the Belt and Road(B&R)has become one of the key points in evaluating the effectiveness of China's overseas development financing.This paper constructs a new mechanism for China's infrastructure financing to promote poverty reduction.The research shows that China's infrastructure financing can significantly alleviate multidimensional poverty in the countries along B&R,which is mainly achieved through strengthening governance capacity,improving information technology,increasing investment in educational resources and optimizing hygiene and health environment.Furthermore,the heterogeneity of project category,regulatory quality and shared prosperity premium as well as the heterogeneity of poverty reduction effect before and after the implementation of the Belt and Road Initiative are the important indicators for evaluating the poverty reduction effectiveness of infrastructure financing.The research results of this paper not only lay a theoretical foundation for the prosperity of the countries along B&R,but also provide a reference path for improving China's overseas development financing.
the Belt and Road(B&R)foreign aiddevelopment financinginfrastructure financingmultidimensional poverty
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