As high as 87 percent of Central Banks deemed the Belt & Road Initiative conducive to economic recovery in the post-pandemic era, according to the China Report 2021 released at the International Finance Forum, as reported by local news agency on Sunday.
The report found a majority of central banks surveyed expect the Belt & Road Initiative will promote GDP growth for their countries in the next five years, and 75 percent considered Belt & Road Projects helpful in green recovery and sustainable development.
Investment in green energies and transportation (90 percent of central banks surveyed) and co-formulating project standards (80 percent) are thought to be the most imperative channels to realize cooperation.
The report concluded investment in a low-carbon society and healthy natural system is the only way to ensure the long-term profitability of the financial industry.
The IFF was found by more than 20 countries, regions and international organizations including China, the U.S. and the EU in October 2003.