(Aug 7): One Belt, One Road (OBOR) was originally the New (Maritime) Silk Road, and it is at present called Belt and Road in China. It is now a complex of policies that have evolved from the original framework and purpose.

The programme was initially set up as an alternative way to deploy China’s foreign reserves. The Asia Infrastructure Development Bank and the Silk Road Investment Fund are the main channels for approval and distribution of investment.

Investment proposals that are structured under OBOR gain faster and easier approvals. The challenge is to frame investment proposals in ways that are compatible with OBOR objectives.

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