Belt and Road Initiative & Bangladesh slide image

Belt and Road Initiative & Bangladesh

CENTRE FOR POLICY DIALOGUE 11.2 Way forward for Bangladesh . • For timely completion of projects and minimize cost overrun, public disclosure of BRI projects, terms and conditions of project finance, and monitoring, reporting and anti- corruption measures should be in-built in the project implementation mechanism. Debts should be managed well and debt sustainability issue should be closely monitored in order to avoid any possible debt traps. • For green and clean governance mechanisms in the BRI projects, financing and environmental information should be disclosed in advance, and on a continuous • • basis. Social and environmental impact assessments of projects should be done through meaningful and informed participation and engagement of local people. On the whole, while the BRI projects hold high promises for economic development, the outcome will be determined by the way Bangladesh plans and executes these high value projects. Belt and Road Initiative & Bangladesh 55 55
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