BEIJING, March 29 (Xinhua) -- The Ministry of Finance (MOF) of China will improve risk management for investment projects to facilitate the Belt and Road (B&R) construction, Zou Jiayi, vice minister of MOF said on Wednesday at a session of the Boao Forum for Asia Annual Conference 2019.
The MOF has also approved the guiding principles for B&R financing in partnership with the financial departments of 27 countries, and has signed agreement on B&R cooperation together with six major multilateral development banks.
The MOF has supported partners to participate in the long-term financing for infrastructure construction and encouraged multilateral development institutions to make joint investment with countries along the B&R routes.
The Boao Forum for Asia Annual Conference 2019 is held from March 26 to 29 in south China’s Hainan province. (Edited by Su Dan)
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