Belt and Road Initiative 10 years and counting
chinadaily.com.cn |
Updated: 2023-10-12 06:40
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4. Debt sustainability continues to improve
China and 28 countries approved the Guiding Principles on Financing the Development of the Belt and Road, encouraging the governments, financial institutions and enterprises of participating countries to attach importance to debt sustainability and improve their debt management capability.
To avoid causing debt risk and financial burden to the countries where BRI projects are located, China has prioritized economic and social benefits and provided loans for project construction based on local needs and conditions.
