BELT AND ROAD INITIATIVE – NEW CHALLENGES IN PROJECT FINANCING

Eva Jančíková ()
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Eva Jančíková: Fakulta medzinárodných vzťahov, Ekonomická univerzita v Bratislave

Almanach (Actual Issues in World Economics and Politics), 2020, vol. 15, issue 1, 13-35

Abstract: The Belt and Road Initiative is an economic project of the global economy in 21. century and should not be just about huge investments in transport infrastructure, land and sea, but also about the importance of industrial, energy and agricultural projects, new scientific knowledge, information technology, building joint ventures and significant strengthening of electronic data transmission. To be able to start such an economic project China had to reform its financial system and to make a lot of improvement in financial industry. The aim of this paper is to discuss the EU and its member states position to the BRI, how changes in finance system of China during last few decades are connected with the financing of this large investment, how it can be financed through combination of international and domestic, public and private sources, tailored to the specific projects and countries, backed up by implementation of new forms of international financial cooperation with countries along the Belt and Road and international financial institutions and set up international platforms to meet the financial services needs of participating countries. We analyse the role of development financial institutions: multilateral development financial institutions, Chinese policy banks and special investment funds; the investment opportunities across asset classes and sectors and the potential impact for RMB internationalisation.

Keywords: international financial cooperation; international financial institutions; development financial institutions; investment opportunities; RMB internationalisation (search for similar items in EconPapers)
JEL-codes: F14 F15 N85 (search for similar items in EconPapers)
Date: 2020
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