Sunday, December 17, 2017

Greening the Belt and Road: Opportunities for Egypt

Deborah Lehr

HUFFPOST - 12/17/2017 

Much has been made of China’s grand building plan for the Belt and Road Initiative, but little attention is focused on the “green” standards that China is proposing to receive this investment. Launched in 2013 by China’s President Xi Jinping, the B&R is a one-trillion-dollar plan to finance infrastructure investments spanning over 60 countries and covering three quarters of the world’s population. As the world’s leader in developing green financial products and standards, China is raising standards for international lending, which could be transformational for countries like Egypt.  Egypt has the opportunity to serve as the “hub” for the BRI into the Middle East and Africa. The Chinese have already designated it as one of the top five countries for mergers and acquisitions potential over the next five years. The two countries have also elevated their relationship to a “strategic partnership” which provides the political underpinnings what is a now a growing new commercial relationship between the two countries.