Citation

Latifoğlu, S. (2020). The Belt and Road Initiative: Economic and financial cooperation. Belt & Road Initiative Quarterly, 1(4), 74-84.

 

Abstract

It seems that the Belt & Road Initiative’s (BRI) main strategy is wisely designed and due to the world economic crisis it will play an important role in the world economy and global financial markets. This article will mainly focus on the economic effects of BRI and provide suggestions for financial cooperation and the integration of the counties involved. Besides the financial institutions and funds that directly support BRI, various institutions such as bilateral and multilateral regional banks, and China’s public and commercial banks, wealth and pension funds could also offer financial alternatives to BRI countries. Establishing a joint clearing institution or a Clearing Bank could significantly facilitate transactions in financial markets, particularly for BRI countries interested in developing financial products specific to their needs. Establishing a joint Wealth Fund of the BRI countries will boost investment projects and support national economies.