Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    'Deeper policy reforms' of BRI to help tap regional economic potential: World Bank

    Xinhua | Updated: 2019-06-19 15:20
    Share
    Share - WeChat
    [Photo/IC]

    WASHINGTON - "Deeper policy reforms" of the China-proposed Belt and Road Initiative (BRI) will help the mechanism boost trade among nations in the region and increase global real income, a study published Tuesday by the World Bank has found.

    Such reforms should be designed to "increase transparency, expand trade, improve debt sustainability, and mitigate environmental, social, and corruption risks," said the study done by a team of World Bank economists led by Michele Ruta, lead economist in the macroeconomics, trade and investment global practice of the World Bank Group.

    If those reform measures are fully implemented, the BRI could increase global trade by up to 6.2 percent, and up to 9.7 percent for what the study referred to as "corridor economies" -- a group of 71 economies, most of which signed collaboration agreements with China under the BRI framework.

    Through lowering trade costs, the initiative could lift 32 million people -- those who live on less than $3.2 a day -- out of moderate poverty, the study said.

    Global income could increase by as much as 2.9 percent, and foreign direct investment (FDI) for low-income corridor economies could rise by as much as 7.6 percent, according to the study.

    Right now, trade in corridor economies is estimated to be 30 percent below potential, and 70 percent of FDI in those economies has yet to be fully tapped, the study said.

    "Real incomes for corridor economies could be an estimated two to four times larger if they implement reforms to reduce border delays and ease trade restrictions," it added.

    Ceyla Pazarbasioglu, the World Bank's vice-president for equitable growth, finance, and institutions, called for "ambitious reforms from participating countries" of the BRI so as to ensure its success, said a press release issued by the international financial institution.

    "Improvements in data reporting and transparency -- especially around debt -- open government procurement, and adherence to the highest social and environmental standards will help significantly," Pazarbasioglu said.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    国产成人综合日韩精品无码不卡 | 无码人妻丰满熟妇区五十路百度| 亚洲av无码专区在线观看下载| 久久亚洲日韩看片无码| 天堂在线资源中文在线8| 精品三级AV无码一区| 亚洲中文字幕无码不卡电影| 中文字幕亚洲综合久久2| 久久久久久无码国产精品中文字幕 | 最近中文国语字幕在线播放| 免费无码AV一区二区| 午夜人性色福利无码视频在线观看 | 无码国产精品一区二区免费3p| 日韩中文久久| 人妻AV中文字幕一区二区三区| 亚洲AV无码乱码在线观看性色扶| 国产三级无码内射在线看| 无码专区AAAAAA免费视频| 久久亚洲AV成人无码软件| 久久精品?ⅴ无码中文字幕| 五月天无码在线观看| 亚洲AV无码一区二区一二区 | 无码精品视频一区二区三区| 国产日韩AV免费无码一区二区| 中文无码精品一区二区三区| 人妻精品久久久久中文字幕一冢本| 亚洲AV永久无码天堂影院| 中文无码人妻有码人妻中文字幕| 精品久久久久久无码中文字幕 | 免费无码黄十八禁网站在线观看| 精品视频无码一区二区三区| 久久久久久国产精品无码超碰| 亚洲精品~无码抽插| 亚洲人成人无码网www电影首页| 免费无码又爽又刺激一高潮| 免费无码黄网站在线看| 精品多人p群无码| 亚洲∧v久久久无码精品| 欧洲人妻丰满av无码久久不卡| 精品国产一区二区三区无码| 国产99久久九九精品无码|