Election Day- Use Code DEMOCRACY24

Register Now

World Bank allocates $8 billion to China

Published on September 19, 2017
The World Bank has allocated about $8 billion for the infrastructure projects of the Chinese initiative - Silk Road Economic Belt.


  • The round table meeting at Beijing, held on September 12  was in the "6 + 1" format with the heads of international financial and economic organizations. The heads were
  • Chinese Premier of the State Council Li Keqiang,
  • World Bank President Jim Yong Kim, 
  • Managing Director of the International Monetary Fund Christine Lagarde,
  • Director General of the World Trade Organization Roberto Azevedo, 
  • Director General of the International Labor Organization Guy Ryder 
  • Secretary General of the Organization for Economic Cooperation and Development Angel Gurria 
  • The initiative to create the Silk Road Economic Belt ("One belt - One road") was proposed by the Chinese President Xi Jinping in 2013. 
  • This project is aimed at creating a transport, energy and trade corridor between the countries of Central, Eastern, South Asia and Europe .
  • The Silk Road Economic Belt comprises 6 corridors which connect five central Asian countries, Iran and the Persian Gulf region, Transcaucasia, Turkey and the Saudi Arabian peninsula.
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu