Guiding Principles on Financing the Development of BRI
Scope of Application
Guiding principles for all financiers that promote and implement the BRI.
Purpose
Offers basic principles for implementing environmental and social assessment and management (ESAM) and fulfilling social responsibilities.
General Key Points
Governments Involved in the BRI, Financiers, Developers, and Contractors should:
- Utilize public funding channels to support the development of the BRI.
Key Points on Stakeholder Engagement
The Chinese Government, Financiers, Developers, and Contractors should:
- Finance skill development and job creation, particularly for youth and women.
- Fulfill social responsibilities.
- Strengthen cooperation in people’s welfare and people-to-people exchanges with host countries and regions.
- Promote local employment.
- Strengthen sustainable economic and social development.
Key Points on Environmental and Social Impact Assessment
Governments Involved in the BRI, Financiers, Developers, and Contractors should:
- Strengthen environmental and social impact assessment (ESIA) and risk management for projects.
- Strengthen cooperation on energy conservation and environmental protection.
Applies to
Global
Date
May 2017
Issuer(s)
Ministry of Finance (MOF) and Finance Ministers of Argentina, Belarus, Cambodia, Chile, Czech Republic, Ethiopia, Fiji, Georgia, Greece, Hungary, Indonesia, Iran, Kenya, Laos, Malaysia, Mongolia, Myanmar, Pakistan, Qatar, Russia, Serbia, Sudan, Switzerland, Thailand, Turkey, and the United Kingdom