China's Belt and Road Initiative Should Be on the World Bank and IMF's Agenda
As the World Bank and IMF seek to put the world economy on a more stable footing and promote sustainable growth, there is one issue they cannot ignore: China’s Belt and Road Initiative (BRI). China’s massive global infrastructure program has increased debt levels to a worrying extent in many developing countries, threatening to hinder their economic recovery. The Bretton Woods institutions need to confront this issue head-on, rather than sweeping it under the rug. BRI meets significant development needs, by funding and building physical and digital infrastructure projects around the world...
Source: cfr.org