Belt and Road InitiativeMay 14, 2017
China’s Belt and Road Initiative (BRI) is an economic framework developed to increase connectivity between China and over 100 countries and international organizations, based on the ancient Silk Road land and maritime routes. The BRI aims to link different regions through infrastructure construction, transport and economic corridors and by bridging China with the rest of the world both physically, financially, digitally and socially.
UNDP and the People’s Republic of China signed a Memorandum of Understanding (MOU) on cooperation on the Belt and Road Initiative (BRI) in September 2016. The MOU outlined a strategic cooperation framework to enhance collaboration between UNDP and the Chinese government for the implementation of the BRI and the 2030 Agenda for Sustainable Development.
During The Belt and Road Forum for International Cooperation (BRF), UNDP signed an Action Plan with the Chinese government to follow up on the MOU. The Action Plan aims to put the advancement of the cooperation in practice through: information exchange; projects cooperation; policy coordination; building partnership and capacity building.
Two flagship reports substantiate the engagement with a policy-informing perspective:
· The Third Global Governance Report, launched during the Belt and Road Forum, features the BRI alignment with the SDGs as engagement premise for maximizing the desired BRI impact.
· The 2017 Report on the Sustainable Development of Chinese Enterprises Overseas features sustainable business playing a critical role for the BRI implementation and SDG achievement.