Belt & Road Nations to Deepen Policy Coordination

The Belt and Road Initiative aims to enhance trade, investment, and cooperation globally. Despite positive rhetoric, there is a gap between the initiative's goals and actual progress. The next summit in 2019 sets a timeline for action. Countries have pledged support for globalization, trade, and innovation, with 26 countries agreeing on financing principles. The EBRD is involved, aiming to mobilize private sector investment. Reactions vary, with India cautious due to China's ties with Pakistan, while Indonesia and the USA show interest. The initiative's momentum is growing, but more answers are needed.

What is the main goal of the Belt and Road Initiative as discussed in the video?

• To create a single global government

• To establish a new global currency

• To expand trade, investment, and cooperation

• To reduce global trade barriers

Which year is the next Belt and Road summit expected to take place, according to the video?

• 2018

• 2021

• 2020

• 2019

What sectors are countries pledging to cooperate on as part of the Belt and Road Initiative?

• Innovation, smart cities, and e-commerce

• Healthcare and education

• Agriculture and food security

• Military and defense

Which development bank is mentioned as playing a role in involving private investors in the Belt and Road Initiative?

• African Development Bank

• International Monetary Fund

• European Bank for Reconstruction and Development (EBRD)

• Asian Development Bank

Why is India cautious about participating in the Belt and Road Initiative?

• Because of China's partnership with Pakistan

• Political instability

• Due to economic concerns

• Lack of infrastructure