This is not a writing assignment, this is a multiple-choice ques Of the statements below regarding China's Belt and Road Initiative (BRI) all are correct EXCEPT for this one. Please identify the INCORRECT STATEMENT and mark it as your correct answer choice. Group of answer choices With the Belt and Road Initiative China makes available funds to less developed economies for infrastructural purposes. These funds are gifts that do not have to be repaid, and they are interest-free. Moreover, China makes these gifts with only the best interest of the recipient economy in focus and does not expect or receive anything in return for these funds. The Belt and Road Initiative loans extended by China are welcomed by many the leaders of less developed economies because they are easier to get than the World Bank infrastructure loans, require no accountability regarding how the funds are used and are accompanied by generous bribes for the leaders of these economies. With the Belt and Road Initiative loans China is not only increasing its global political influence, but it is also acquiring vital ports and resources from the poorer economies when they are unable to pay back the loans plus the relatively high interests on the loans, within the stipulated short loan period of about 2 -3 years(as compared to the World Bank's longer-term 5-20 year development loans). China's BRI initiative offers loans for infrastructural development to less developed economies. The principal of the loans plus interest has to be repaid by the recipient economy in a shorter period of time than loans given by the World Bank, and there is no requirement that the project is completed. The only requirement is that the money is repaid with interest by the due date.
This is not a writing assignment, this is a multiple-choice ques
Of the statements below regarding China's Belt and Road Initiative (BRI) all are correct EXCEPT for this one. Please identify the INCORRECT STATEMENT and mark it as your correct answer choice.
Group of answer choices
With the Belt and Road Initiative China makes available funds to less developed economies for infrastructural purposes. These funds are gifts that do not have to be repaid, and they are interest-free. Moreover, China makes these gifts with only the best interest of the recipient economy in focus and does not expect or receive anything in return for these funds.
The Belt and Road Initiative loans extended by China are welcomed by many the leaders of less developed economies because they are easier to get than the World Bank infrastructure loans, require no accountability regarding how the funds are used and are accompanied by generous bribes for the leaders of these economies.
With the Belt and Road Initiative loans China is not only increasing its global political influence, but it is also acquiring vital ports and resources from the poorer economies when they are unable to pay back the loans plus the relatively high interests on the loans, within the stipulated short loan period of about 2 -3 years(as compared to the World Bank's longer-term 5-20 year development loans).
China's BRI initiative offers loans for infrastructural development to less developed economies. The principal of the loans plus interest has to be repaid by the recipient economy in a shorter period of time than loans given by the World Bank, and there is no requirement that the project is completed. The only requirement is that the money is repaid with interest by the due date.
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