The Belt and Road Initiative (BRI) has benefited the world in fostering infrastructure in low-income countries, Changyong Rhee, director of the International Monetary Fund’s (IMF) Asia and Pacific Department, has said.

He told Xinhua News the China-proposed trade route is a “very important contribution” to the global economy while promoting regional cooperation and connectivity in trade investment, human mobility and finance.

The official said: “The IMF is in very close collaboration with the Chinese authorities on sharing the best international practices, especially regarding fiscal sustainability and capacity building,” not only for Chinese officials, but also for officials from low-income countries that have joined in the BRI. (RT)