Obor: More sources of funding available
Financing channels for OBOR projects have become increasingly diversified
PHOTO: AFP
BEIJING:
Financing for the China-proposed One Belt One Road (OBOR) initiative is “not without challenges” but increasingly there are more channels of funding available, senior executives from the UK-based Standard Chartered Bank said in a note sent to the Global Times. Anna Marrs, the bank’s regional CEO for South Asia and Southeast Asia, said that financing channels for OBOR projects have become increasingly diversified in the last few years, with participation by not only governments but also commercial institutions and private organisations. Financial institutions in certain markets, such as in Pakistan and India, are especially enthusiastic about providing capital support, said Jerry Zhangi.
Published in The Express Tribune, November 8th, 2017.
Financing for the China-proposed One Belt One Road (OBOR) initiative is “not without challenges” but increasingly there are more channels of funding available, senior executives from the UK-based Standard Chartered Bank said in a note sent to the Global Times. Anna Marrs, the bank’s regional CEO for South Asia and Southeast Asia, said that financing channels for OBOR projects have become increasingly diversified in the last few years, with participation by not only governments but also commercial institutions and private organisations. Financial institutions in certain markets, such as in Pakistan and India, are especially enthusiastic about providing capital support, said Jerry Zhangi.
Published in The Express Tribune, November 8th, 2017.