Christine Lagarde, MD of the IMF and Chinese president Xi discussed the sustainability of the initiative at the second BRI forum in Beijing © V. Sharifulin/TASS /Getty Images
Christine Lagarde, MD of the IMF and Chinese president Xi discussed the sustainability of the initiative at the second BRI forum in Beijing © V. Sharifulin/TASS /Getty Images

Belt and Road Initiative 'needs open procurement'

1 May 2019

The next phase of China’s Belt and Road Initiative (BRI) would benefit from “increased transparency, open procurement with competitive bidding, and better risk assessment”, a forum heard.

In a speech at the second BRI forum in Beijing, International Monetary Fund managing director Christine Lagarde said while the BRI is stimulating infrastructure and developing new global supply chains, it should “only go where it is sustainable”.

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