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World Bank funds "Silk Road" with $ 8 billion

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rocky
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World Bank funds "Silk Road" with $ 8 billion

Post by rocky on Wed 13 Sep 2017, 3:10 am

[size=30]World Bank funds "Silk Road" with $ 8 billion[/size]
13/09/2017 09:51 | Number of readings: 52
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[rtl]Trend Press / Agencies[/rtl]
[rtl]The World Bank has provided nearly $ 8 billion to help develop the infrastructure of the "Silk Road" economic belt.[/rtl]
 
[rtl]"The investment is stimulating, especially in the infrastructure, and in an important project such as the Silk Road proposed by the People's Republic of China, the World Bank will help countries working on the project to enhance opportunities in line with the development strategy," said Jim Young-Kim, Her own".[/rtl]
 
[rtl]The Silk Road and the New Silk Road, known as the "one-way belt" proposed by Chinese leader Xi Jinping in 2013. Sixty countries include 4.4 billion people and 40 percent of the world's gross domestic product.[/rtl]
 
[rtl]Within the framework of this project, roads, ports and railways are planned to link the countries of the European Union.[/rtl]
 
[rtl]The former Chinese president announced his country's willingness to finance the project at about 900 billion dollars, and the State-owned Development Bank of China issued loans worth 160 billion dollars to countries that are part of the road project.[/rtl]


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