Blue Dot Network

The Blue Dot Network (BDN) is a multi-stakeholder initiative formed by the United States, Japan, and Australia to provide assessment and certification of infrastructure development projects worldwide on measures of financial transparency, environmental sustainability, and impact on economic development, with the goal of mobilizing private capital to invest abroad.[1][2]

Blue Dot Infrastructure Network
Founded4 November 2019
WebsiteBlue Dot Network

It was formally announced on 4 November 2019 at the Indo-Pacific Business Forum in Bangkok, Thailand on the sidelines of the 35th ASEAN Summit. It is led by the U.S. International Development Finance Corporation, Japan Bank for International Cooperation, and Department of Foreign Affairs and Trade of Australia.

The Blue Dot Network is expected to serve as a global evaluation and certification system for roads, ports and bridges with a focus on the Indo-Pacific region.[1][3] It has been perceived as a counter to China's Belt and Road Initiative.[2][4]

See also

References
  1. "Explained: What is the Blue Dot network, on the table during Trump visit to India". Indian Express. February 26, 2020.
  2. Kuo, Mercy A. (7 April 2020). "Blue Dot Network: The Belt and Road Alternative". The Diplomat. Retrieved 9 May 2020.
  3. "What is the Blue Dot Network and is it really the West's response to China's Belt and Road project?". ABC News. 8 Nov 2019.
  4. "The pandemic is hurting China's Belt and Road Initiative". The Economist. June 4, 2020. ISSN 0013-0613. Retrieved 2020-06-14.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.