Abstract
China’s Belt and the Road Initiative (BRI), introduced in 2013 by China’s President Xi, has been a major milestone in global development finance. Resonating with the historical ‘Silk Road”, BRI attempts to connect many countries and continents around the world. Matching its humongous size of nearly $1 trillion, it covers about 165 countries around the world. Even as the BRI benefitted some of the recipient countries, it has built a mountain of debt among many developing countries. This paper suggests an efficient, equitable, and representative method of resolving the BRI debt-distress through the formation of a BRI Club, which should include China as well as representatives from developing countries that borrowed under the BRI.
Recommended Citation
Srinivasa Madhur
(2024)
"Role of China’s Belt and the Road Initiative in Global Development Finance,"
The Journal of International Relations, Peace Studies, and Development: Vol. 9:
Iss.
1, Article 4.
Available at:
https://scholarworks.arcadia.edu/agsjournal/vol9/iss1/4
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