The Belt and Road Forum for International Cooperation (BRF), which attracted worldwide attention, concluded successfully on 15 May 2017. Chinese President Xi Jinping pointed out that the high-profile BRF sent a positive message of jointly promoting the Belt and Road Initiative and building a community of shared future. The BRF also identified the target and direction of cooperation on the Belt and Road, confirmed key areas of cooperation and path of actions, and achieved a series of positive results. It is believed that with concerted efforts the Belt and Road will be built into a road of peace, prosperity, opening up, innovation and a road linking different civilizations.

In the newly published list of deliverables of BRF, there were more than 270 concrete results, among which, China Eximbank contributed 33. Those 33 concrete results included 28 loan agreements valued over RMB40 billion that the Bank signed with government authorities and relevant companies of the countries along the Belt and Road. The agreements covered sectors including transportation, electric power, telecommunication, equipment manufacturing, industrial capacity and financial cooperation.

In the area of infrastructure connectivity, China Eximbank signed loan agreements with the relevant government departments and companies of Serbia, Cambodia, Ethiopia, Kazakhstan, Mongolia, Myanmar, Kenya and Vietnam.

In the area of trade connectivity, China Eximbank signed loan agreements on projects such as industrial park, power transmission and distribution, wind power, dam, satellite, hydraulic factory with the relevant government departments of Belarus, Cambodia, Ethiopia, the Lao PDR, Kenya, Mongolia and Pakistan, loan agreements on power grid upgrading project, thermal power project, coal mine modernization project, tyre factory project with relevant companies of Egypt, Bangladesh, Uzbekistan and Saudi Arabia, and signed the Strategic Cooperation Framework Agreement regarding Lines of Credit with the Philippine Metropolitan Bank and Trust Company.

In the area of financial connectivity, China Eximbank signed a joint declaration on enhancing cooperation on sustainable industrial development in the countries along the Belt and Road with the United Nations Industrial Development Organization, signed framework agreements regarding lines of credit with Export-Import Bank of Malaysia, Export-Import Bank of Thailand and other Asian EXIM Bank Forum members, which will be used for practical cooperation in areas of on-lending and trade finance. In addition, China Eximbank set up two multi-currency special lending schemes worth RMB130 billion to support Belt and Road cooperation on infrastructure, industrial capacity and financing.

As of now, China Eximbank is managing more than 1,200 projects it has financed in over 50 countries along the Belt and Road, with a total outstanding balance of over RMB 640 billion. The implementation of those projects helped the borrowing countries to secure sustainable development, increase employment and improve people’s livelihood.

In the future, China Eximbank will continue to leverage the role of policy-based financing, enhanced communication with authorities of relevant countries and regions, deepen cooperation with peer banks, multilateral financial institutions and companies, and promote the implementation of relevant projects in an endeavor to contribute more to the implementation of the Belt and Road Initiative.