PEOPLE's Bank
of China vice governor Yi Gang is seeking support from international lenders to fund
"Belt and Road Initiative" projects, reports Hong Kong's
South China Morning Post.
His
revelations came just ahead of the this week's Belt and Road Forum for
International Cooperation, when leaders from 29 countries and regions
will gather in Beijing to learn more about the blueprint for China's trade
scheme.
Infrastructure
and other key projects in belt and road countries had "strong demand for -
financing," and support from the global market was "desperately
needed," Mr Yi said in an interview with People's Daily.
While
the plan is designed to speed development in Asia, Europe and Africa, the Asian
Development Bank says there is a US$26 trillion funding gap in the
infrastructure projects that will be required in Asia alone by 2030.
Source
: HKSG.
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