Belt and Road Initiative could transform Africa's economy: expert
                 Source: Xinhua | 2019-03-08 20:12:08 | Editor: huaxia

File photo shows Kenyans sing and dance beside one of the first batch of locomotives that were made by Chinese companies for the Mombasa-Nairobi Standard Gauge Railway, in Mombasa, Kenya, on Jan. 11, 2017. (Xinhua/Sun Ruibo)

NAIROBI, March 8 (Xinhua) -- The Chinese-proposed Belt and Road Initiative could transform Africa's economy, economic analyst said on Thursday.

James Shikwati, director of Inter Region Economic Network (IREN), a think tank, told Xinhua in Nairobi that Belt and Road Initiative is a game changer because it has made African countries start thinking beyond their national borders.

"What the Chinese have done is to galvanize the imagination of people to think regionally through cross border infrastructure projects," Shikwati said during the release of the Metropol 2019 Kenya Economic Outlook.

He urged African countries that are along the route of Belt and Road Initiative to use it to uplift their communities.

"It is up to African governments to put in place measures to ensure that they leverage the opportunities provided by Belt and Road Initiative to accelerate their country's economic development," he added.

He observed that the initiative provides an alternative to the traditional financing models offered by the World Bank and the International Monetary Fund (IMF) which peg their credit on the size of economy of the recipient countries.

He noted that the Chinese are able to finance projects based on the long term needs of a country.

According to IREN, African countries have a huge infrastructure financing gap that cannot be met solely through public resources.

Shikwati added that African countries will only develop if they are willing to take financing risks to fund their development projects.

He revealed that Kenyan President Uhuru Kenyatta's development project, dubbed the Big Four Agenda on food security, manufacturing, universal healthcare and affordable housing could also benefit immensely from the Belt and Road Initiative.

Back to Top Close
Xinhuanet

Belt and Road Initiative could transform Africa's economy: expert

Source: Xinhua 2019-03-08 20:12:08

File photo shows Kenyans sing and dance beside one of the first batch of locomotives that were made by Chinese companies for the Mombasa-Nairobi Standard Gauge Railway, in Mombasa, Kenya, on Jan. 11, 2017. (Xinhua/Sun Ruibo)

NAIROBI, March 8 (Xinhua) -- The Chinese-proposed Belt and Road Initiative could transform Africa's economy, economic analyst said on Thursday.

James Shikwati, director of Inter Region Economic Network (IREN), a think tank, told Xinhua in Nairobi that Belt and Road Initiative is a game changer because it has made African countries start thinking beyond their national borders.

"What the Chinese have done is to galvanize the imagination of people to think regionally through cross border infrastructure projects," Shikwati said during the release of the Metropol 2019 Kenya Economic Outlook.

He urged African countries that are along the route of Belt and Road Initiative to use it to uplift their communities.

"It is up to African governments to put in place measures to ensure that they leverage the opportunities provided by Belt and Road Initiative to accelerate their country's economic development," he added.

He observed that the initiative provides an alternative to the traditional financing models offered by the World Bank and the International Monetary Fund (IMF) which peg their credit on the size of economy of the recipient countries.

He noted that the Chinese are able to finance projects based on the long term needs of a country.

According to IREN, African countries have a huge infrastructure financing gap that cannot be met solely through public resources.

Shikwati added that African countries will only develop if they are willing to take financing risks to fund their development projects.

He revealed that Kenyan President Uhuru Kenyatta's development project, dubbed the Big Four Agenda on food security, manufacturing, universal healthcare and affordable housing could also benefit immensely from the Belt and Road Initiative.

010020070750000000000000011100001378792901
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲理伦片免费观看 | 亚洲中文字幕一区精品 | 自拍偷在线精品自拍偷 | 日韩无砖专区一中文字目码 | 亚洲精品国产综合精品99 | 重口AV在线免费观看 |