Montenegro may default because of a BRI motorway construction project. Governance and financial matters need to be improved for future BRI programmes.
Green finance may help for the decarbonization of the Belt and Road Initiative. More cooperation and incentives must be developed to make the BRI greener.
Ms. Federica Russo (guest author) gives us an introduction to China’s Panda Bonds and how an Italian bank Cassa Depositi e Prestiti uses them.
Swiss bank Vontobel announced on May 16, 2019 that it would soon launch an index dedicated to the “Belt and Road” in cooperation with CCB.
IMF Managing Director Christine Lagarde noted the achievements of the BRI at a conference in Beijing on April 12, and praised this project, as IMF fights against protectionism, a threat to global trade.
The China Securities Regulatory Commission (CSRC) has authorized seven Chinese and foreign companies to issue “Belt and Road Initiative” bonds for a total of 50 billion RMB through Shanghai and Shenzhen Stock Exchanges.