Belt and Road Initiative

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Map of Transportation routes in the Belt and Road Initiative
Transportation routes in the Belt and Road Initiative

The Belt and Road Initiative (BRI, or B&R), known in Chinese and formerly in English as One Belt One Road or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and international organizations. It is considered a centerpiece of Communist Party of China general secretary and paramount leader Xi Jinping's foreign policy.[1][2]

The BRI is one of the many factors which is leading to de-dollarization, the transition away from the dependence on the US dollar as a global reserve asset and means of exchange.[3]

The project has a target completion date of 2049.[4]

In 2021, Cuba has joined the BRI project for the purpose of expanding its telecommunications and green energy industries.[5]

References