Financial Integration of the Belt and Road Initiative:Overview,Challenges,and Strategies
Over the past decade,the Belt and Road Initiative(BRI)has steadfastly upheld the principles of extensive consultation,joint contribution,and shared benefits,marking significant historic achievements.Financial integration has been pivotal in underpinning the construction of BRI projects.With the continuous improvement in infrastructure connectivity and financial integration,there has been an expansion in the scale of funding and continu-al optimization of the investment and financing framework,leading to the preliminary establishment of a diversified financial support system with bank loans as its backbone.Nonetheless,against the backdrop of growing global un-certainties and a surge in anti-globalization sentiments,the BRI faces certain challenges.This paper delves into the current investment and financing patterns of the BRI from the perspective of financial integration,dissecting the risks and opportunities confronting the financial support system.It advocates for adherence to risk management prin-ciples,the amalgamation of domestic and international credit and financial resources,and the innovation in interna-tional financing models to boost the efficiency and safety of overseas project investments,thereby steadily propel-ling the sustained and high-quality growth of the BRI.
the Belt and Road Initiativefinancial integrationdiversified financial support system