The Belt and Road Initiative

The Belt and Road Initiative

Invesco Fixed Income

As participating Belt and Road Initiative (BRI) countries continue to manage the economic fallout of Covid-19, we believe China’s support will strengthen the foundation for future Belt and Road cooperation and we do not believe the health crisis will dampen China’s long-term commitment to the Belt and Road Initiative.

We expect the Covid-19 pandemic to have a negative short-term impact on global growth and credit conditions, especially in emerging markets, which face weaker healthcare systems and debt dynamics.

But China’s efforts through the BRI, along with its unilateral support and the potential support of international organizations, should help ameliorate the global economic and financial situation. Furthermore, China’s greater domestic focus post the pandemic may lead to “multilateralization” of the BRI, as other countries play growing roles in BRI-related partnerships.

Invesco Fixed Income believes BRI projects will become more economically viable going forward as China increases its efforts to improve sustainability, transparency and governance.

Investment risks

  • The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

Important information

  • Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice.


    This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.