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UNDP and China to Cooperate on Belt and Road Initiative

2016-09-21 12:24 3221

NEW YORK, Sept. 21, 2016 /PRNewswire/ -- The United Nations Development Programme (UNDP) and the People's Republic of China signed today a Memorandum of Understanding (MOU) on cooperation on the Belt and Road Initiative (BRI) on the margins of the 71st United Nations General Assembly.

The MOU, signed by Ms. Helen Clark, Administrator of UNDP, and Mr. Xu Shaoshi, Chairman of the National Development and Reform Commission (NDRC), is a strategic cooperation framework that aims to enhance collaboration between UNDP and the Chinese government for the implementation of the Belt and Road Initiative (BRI) and the 2030 Agenda for Sustainable Development.

The Belt and Road Initiative was presented by the Chinese government to jointly build the "Silk Road Economic Belt and the 21st-Century Maritime Silk Road". Through connectivity, it will foster unimpeded trade, financial integration, and people-to-people bonds.

"The Belt and Road Initiative represents a powerful platform for economic growth and regional co-operation, involving more than 4 billion people, many of whom live in developing countries," said Clark. "It can serve as an important catalyst and accelerator for the sustainable development goals."

"This is the first MOU signed between the Government of China and an international organization on promoting the BRI," said Xu Shaoshi. "Engaging an international organizations is a new and innovative development in the BRI."

"We look forward to working with China to mobilize and facilitate co-ordination among all stakeholders involved to create an environment which will promote poverty eradication, environmental sustainability and inclusive social development," added Clark.

UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in 177 countries and territories, we offer global perspective and local insight to help empower lives and build resilient nations. www.undp.org

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Source: UNDP China
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