The BRI presents risks common to many major infrastructure projects: debt risks, governance risks (corruption and procurement), stranded infrastructure, environmental risks and social risks. What risks are involved with BRI projects? If completed, BRI transport projects could reduce travel times along economic corridors by 12%, increase trade between 2.7% and 9.7%, increase income by up to 3.4% and lift 7.6 million people from extreme poverty. What potential opportunities does the BRI present?
In 2017, these economies received 35% of global foreign direct investments and accounted for 40% of global merchandise exports.įor the 70 BRI “corridor economies” (excluding China), projects in all sectors that are already executed, in implementation, or planned are estimated to amount to US$575 billion. In our research we have focused on 71 economies geographically located along BRI transport corridors, including China. However, an official list of participating countries does not yet exist. Download Belt and Road Economics BRI at a GlanceĬhina has presented the BRI as an open arrangement in which all countries are welcome to participate. The research also aims to inform the public debates surrounding BRI, by grounding the discussion in data and analysis. Our research presents data that enables policymakers in countries along BRI corridors to make evidence-based assessments of how to maximize the benefits and minimize the risks of participating in the BRI. Since May 2018, the World Bank Group has produced a series of 19 background papers (available below) and one summary report that provide independent analysis of the BRI’s links to trade, investment, debt, procurement, environment, poverty reduction and infrastructure. Quantifying the impacts of the BRI is a major challenge, which is why the World Bank Group has produced empirical research and economic models that assess the opportunities and risks of BRI projects. Overview | BRI at a Glance | Research | Blogs OverviewĬhina proposed the Belt and Road Initiative (BRI) in 2013 to improve connectivity and cooperation on a transcontinental scale.
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