Tag CPEC

27 Items, Page 1 of 6

The China-Pakistan Economic Corridor at Five

The China-Pakistan Economic Corridor (CPEC), a flagship of China’s Belt and Road Initiative (BRI) that was officially launched in April 2015, promised transformational gains. Five years later, a quarter of announced projects have been completed, energy projects dominate, and industrialization efforts are lagging, according to data collected by the CSIS Reconnecting Asia Project.

Bailing Out China’s Belt and Road

This spring, when the International Monetary Fund approved a $6 billion bailout for Pakistan, an invaluable opportunity was missed to push for greater transparency of China’s Belt and Road Initiative by not requiring project contracts for the China-Pakistan Economic Corridor—a significant source of Pakistan’s debt—to be made public.

Can CPEC Meet Pakistan’s Development Goals?

Supporters of the China-Pakistan Economic Corridor have long argued that the initiative would spur development and improve Pakistan’s macroeconomic fortunes. As Pakistan faces its thirteenth IMF bailout in the last thirty years, it is clear that without serious reforms, the debt incurred to fund CPEC could do more economic harm than good.