The 2nd Annual 'Belt and Road' International Think Tank Forum and the 4th BRICS Economic Think Tank Forum

13.05.2017

On May 13th Yaroslav Lissovolik, Programme Director of the Foundation for  Development and Support of the Valdai Discussion Club attended the 2nd Annual Belt and Road Forum as well as the 4th Annual BRICS Economic Think Tank Forum organized by the Center for China in the World Economy, Tsinghua University, the Reinventing Bretton Woods Committee as well as the BRICS Economic Think Tank.

The event included the following sessions:

  • “Belt and Road”: A New Solution to Current Economic Problems

  • Deeper cooperation, diversified investment and financing system

  • “Belt and Road” and new world order 

  • The global economic situation and the future of BRICS & the “Belt and Road”

  • “Belt and Road” and BRICS Cooperation Seminar

  • BRICS and Global Economic Governance

  • BRICS & “Belt and Road”

  • Reform of the International Financial Order and the Role of BRICS

Yaroslav Lissovolik participated as a speaker in the panel “Deeper cooperation, diversified investment and financing system of the OBOR project”. In his speech he stressed the importance of connectivity in Eurasia given the significant limitations of the region’s landlocked economies in gaining access to international markets due to high transportation costs. In this regard, OBOR serves to assist such economies in surmounting transportation and logistical bottlenecks and improves their export capacity, all of which creates the conditions for attaining the UN development goals for the region’s economies.

The discussion at the Forum also focused on the ways of providing financing for OBOR’s infrastructural mega-projects. One of the discussed venues was the co-financing coming from the development institutions such as the BRICS New Development Bank as well as AIIB, The Silk road fund, the Eurasian Development bank, China’s Development Bank and other regional development banks.

The key message from the Chinese participants was that the OBOR project is a new kind of integration in the global economy, which is open for participation for all countries (developing and developed), with a particular focus on investment cooperation and the improvement of infrastructural connectivity among the project’s participants. Ultimately, the project was termed by the Forum’s participants as a “win-win” option for pursuing globalization on an open and equal basis at a time when integration and globalization impulses in parts of the developed world appear to have weakened.   

Related articles

Russia-China: A Cohesion Strategy Against the Difficulties of Translation
26.04.2018
Valdai Club’s Russian-Chinese conference in Shanghai is over, but the dialogue between the two countries continues. Many participants in the Shanghai event said that the Club is a great platform to

Category:
Club Events
Russia and China Are Ready to Face Most Difficult Challenges
26.04.2018
Cooperation between Russia and China is not directed against any third party, it is intended to achieve the development goals of both countries, said Feng Shaolei, Director of Centre for Russian

Expert: 
Feng Shaolei

Category:
Expert Opinions
Three Recommendations and One Way. How to Promote Business Between Russia and…
26.04.2018
Russia and China do not yet know how to work on each other’s markets. Fu Yanjie, secretary general of the Union of Chinese Entrepreneurs in Russia, explains in interview with valdaiclub.com what

Expert: 
Fu Yanjie

Category:
Expert Opinions