Yue Xu, researcher at the University of Shanghai for Science and Technology (College of Foreign Languages, Shanghai, China) presents the article “Development finance with Chinese characteristics: financing the Belt and Road Initiative“, published at the special issue of the Revista Brasileira de Política Internacional – RBPI entitled “International Development Cooperation and Multipolarity: Scrambling North and South?” (Volume 63 – N. 2 – 2020 – https://bit.ly/32bRiGh) .
The Belt and Road Initiative (BRI) is clearly aimed at international development, and designed to jointly build a regional economic cooperation framework that is open, inclusive and balanced. Financial integration is the cornerstone of the BRI, and development finance is the most widely used mode of cooperation in financing. Development finance with Chinese characteristics is concessional and development-oriented, differing from Official Development Finance (ODF) defined by the OECD. Based on its development experiences, China applies development finance with Chinese characteristics to the BRI projects. This benefits countries along the Belt and Road by facilitating their sustainable development.
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