Date: 2019
Type: Working Paper
Public procurement, regional integration and the belt and road initiative
Working Paper, EUI RSCAS, 2019/63, Global Governance Programme-358, [Global Economics]
GHOSSEIN, Tania, HOEKMAN, Bernard M., SHINGAL, Anirudh, Public procurement, regional integration and the belt and road initiative, EUI RSCAS, 2019/63, Global Governance Programme-358, [Global Economics] - https://hdl.handle.net/1814/63869
Retrieved from Cadmus, EUI Research Repository
China’s Belt and Road Initiative (BRI) is a mechanism through which countries can upgrade connectivity-related infrastructure, including through cross-border projects, complementing traditional sources of finance. An overarching goal of the BRI is to reduce trade costs between China and partner countries, in part by helping to integrate regional markets. The large-scale borrowing associated with BRI projects has given rise to potential debt servicing and sustainability concerns. The rate of return of BRI regional infrastructure projects depends in part on the integrity of public procurement processes and realizing value for money objectives. To date BRI projects financed by Chinese institutions have been largely awarded to Chinese companies. In this paper, we discuss good practices and policy options to enhance transparency of BRI procurement processes and achieve value for money, including through international cooperation among countries participating in the BRI.
Cadmus permanent link: https://hdl.handle.net/1814/63869
ISSN: 1028-3625
Series/Number: EUI RSCAS; 2019/63; Global Governance Programme-358; [Global Economics]
Publisher: European University Institute
Keyword(s): Belt and Road Initiative China Public procurement Regional integration International cooperation F10 F13 H57