LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

OBOR important initiative to foster regional cooperation, but entails risks as well: IMF

IMF Managing Director Christine Lagarde will travel to Beijing early next month to attend the joint IMF-PBC, the Peoples Bank of China conference on the Belt and Road Initiative.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
OBOR important initiative to foster regional cooperation, but entails risks as well: IMF
China's ambitious 'One Belt One Road initiative' is an important project that can foster regional cooperation. Image source: Reuters
Written By: PTI
Updated: Fri, Mar 30, 2018
04:52 pm
PTI
RELATED NEWS
BEWARE! Fake Coronavirus vaccine multi-million dollar scam busted! China at it again? BEWARE! Fake Coronavirus vaccine multi-million dollar scam busted! China at it again?
Operation Hafta Vasooli: 'Loan app scam'! Transactions worth over Rs 25,000 core under scanner, money laundering suspected  Operation Hafta Vasooli: 'Loan app scam'! Transactions worth over Rs 25,000 core under scanner, money laundering suspected
China was largest recipient of FDI in 2020 - Report China was largest recipient of FDI in 2020 - Report
Chinese telecom giant Huawei ropes in former Brazilian President Michel Temer to advise on 5G Chinese telecom giant Huawei ropes in former Brazilian President Michel Temer to advise on 5G
Big blow for China! India may impose huge duty hike on these Chinese imports; Anil Singhvi explains booster shot for GNFC Big blow for China! India may impose huge duty hike on these Chinese imports; Anil Singhvi explains booster shot for GNFC

China's ambitious 'One Belt One Road initiative' is an important project that can foster regional cooperation, but entails risks like debt sustainability, the International Monetary Fund said today. Chinese President Xi Jinping's multi-billion project, the initiative focuses on improving connectivity and cooperation among Asian countries, Africa, China and Europe.

"The Belt and Road initiative is a very important initiative that we think can foster regional cooperation, including in trade and investment and finance, and it could indeed make a very significant contribution in terms of infrastructure, connectivity to countries and, again, all of this supporting trade and growth," IMF Spokesperson Gery Rice told reporters at his fortnightly news conference.

On the other hand, he said, like other major initiatives of this type, it can entail risks, including issues of debt sustainability and spillovers to other countries, as well as risks for China, including credit risk.

"So, the key is to balance, obviously, the potential benefits which we see, with the potential risks," Rice said in response to a question.

He said it depends on how the project would be implemented to ensure debt sustainability and participation of the private sector.

"All of this will help minimise the risks, maximise the benefits. I think that's the objective that we want to see," Rice said.

The IMF, he said, sees large potential benefits from the initiative, but with potential risks as well. "I think there are areas where, in particular, that can guard against those risks. And I think these risks will be discussed at a conference in April," Rice said.

IMF Managing Director Christine Lagarde will travel to Beijing early next month to attend the joint IMF-PBC, the Peoples Bank of China conference on the Belt and Road Initiative.

She will also meet several Chinese officials.

During her visit to China between April 9 and 12, Lagarde will attend the Boao forum and address the gathering during the opening ceremony on April 10. On April 11, she will deliver the Spring Meetings Curtain Raiser speech in Hong Kong.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
China
RELATED NEWS
BEWARE! Fake Coronavirus vaccine multi-million dollar scam busted! China at it again? BEWARE! Fake Coronavirus vaccine multi-million dollar scam busted! China at it again?
Operation Hafta Vasooli: 'Loan app scam'! Transactions worth over Rs 25,000 core under scanner, money laundering suspected  Operation Hafta Vasooli: 'Loan app scam'! Transactions worth over Rs 25,000 core under scanner, money laundering suspected
China was largest recipient of FDI in 2020 - Report China was largest recipient of FDI in 2020 - Report
Chinese telecom giant Huawei ropes in former Brazilian President Michel Temer to advise on 5G Chinese telecom giant Huawei ropes in former Brazilian President Michel Temer to advise on 5G
Big blow for China! India may impose huge duty hike on these Chinese imports; Anil Singhvi explains booster shot for GNFC Big blow for China! India may impose huge duty hike on these Chinese imports; Anil Singhvi explains booster shot for GNFC

LATEST NEWS

Salaar Movie: Check release date, new poster, cast, other details of Prabhas, Shruti Haasan, KGF maker's film

Shilpa Shetty suggests yoga for injury

Property Buying Tips: 5 things to keep in mind before buying a home in 2021

LPG cylinder price, petrol, diesel prices to this SBI norm - 5 rules that changed from today - March 1, 2021

Jason Sudeikis wins his first-ever Golden Globe

In chat with Anil Singhvi, analyst Vikas Sethi picks NCL, UPL as top buys for handsome returns

XLRI Placements 2020, 2021: 100% jobs! Check highest salary, average package and name of companies, top recruiters

ATF price up by steep 6.5 pc; petrol, diesel unchanged for 2nd straight day

7th Pay Commission: These central government jobs offering salary up to Rs 1,77,500 | Check details

Big Warren Buffett Tip for you: Oracle of Omaha warns these investors

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved