Boosting Opening-up: Supporting High-quality Development of BRI

CDB upholds the principle of extensive consultation, joint contribution and shared benefits, follows international practices and market-oriented operation approaches, gives full play to the role of development finance, and endeavors to provide refined services for high-quality development of the Belt and Road Initiative (BRI). In addition, the bank contributes to high-level opening-up deployment and actively supports China's stabilization of foreign trade and foreign investment.

In 2021, CDB adhered to the sustainable, livelihood-oriented and high-standard objectives and actively provided responsible financing to support infrastructure connectivity, production capacity cooperation, and economic, trade and financial cooperation to improve people's livelihood and living standards in BRI countries and regions.

Giving full play to the role of multilateral financial cooperation mechanism, CDB set up the phase II SCO Interbank Consortium special loan equivalent to 30 billion yuan, 1 billion U.S. dollars special loan for China-Latin America development cooperation, and 1 billion U.S. dollars special loan for China-Latin America digital economy cooperation so as to promote pragmatic cooperation on financial exchanges and programs.

CDB also set up BRI scholarship to fund 67 overseas students from 16 countries to pursue further studies in China's universities, and pragmatically advanced the BRI "soft connectivity" and people-to-people exchange.

Editor: Duan Jing