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Belt and Road

Belt and Road is 'game changer' but not risk-free, expert says

Chinese money 'can be useful' to alleviate lack of funding if assessed carefully

One example of China's Belt and Road Initiative is this cargo train operating on a line in Kenya, which was constructed by the China Road and Bridge Corporation and financed by the Chinese government.   © Reuters

NEW DELHI -- China's Belt and Road Initiative can be a game changer if developing countries in Asia use it to supplement infrastructure financing, said an expert on the ambitious project, who also warned of its risks.

According to Ganeshan Wignaraja, executive director of the Colombo-based Lakshman Kadirgamar Institute of International Relations and Strategic Studies, these risks entail debt sustainability, strains on countries' financial systems, environmental degradation and more.

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