Expert: BRI Helps Promote Global Stability, Prosperity

Added On November 18, 2019

A Pakistan expert says the China-proposed Belt and Road Initiative has not only accelerated inclusive growth but also helped preserve stability for the global monetary system. Take a listen. SOUNDBITE 1 (English): YASEEN ANWAR, Ex-Governor of State Bank of Pakistan "In 2017, the Greek port of Piraeus handled more than 4 million containers for onward distribution to Europe. Germany’s Duisburg Inner Harbor has become the world’s largest inland port, and more than 10,000 companies are now operating across Africa through an expanding transportation network of rail and roads. More than 60 billion US dollar of new business has been generated across a range of operations, including: increased investment and tourism into Africa; new housing in Indonesia; power projects in Bangladesh; roads in Pakistan and Kazakhstan; and rising global and intra-regional trade in the Association of Southeast Asian Nations (ASEAN)." SOUNDBITE 2 (English): YASEEN ANWAR, Ex-Governor of State Bank of Pakistan "A well-known Chinese proverb says, 'He who wants success, must enable others to succeed'. The BRI offers the necessary ingredients to restore confidence and some stability to the international monetary system, while simultaneously generating new jobs and reducing poverty in many emerging market economies." Proposed by China in 2013, the Silk Road Economic Belt and 21st Century Maritime Silk Road, or BRI, aims to build a trade and infrastructure network along ancient Silk Road trade routes to connect Asia with Europe and Africa and boost common development and prosperity.