Belt & Road Nations to Deepen Policy Coordination

The Belt and Road Initiative aims to enhance trade, investment, and cooperation globally. Despite positive rhetoric, there is a gap between the initiative's goals and actual progress. The next summit in 2019 sets a timeline for action. Countries have pledged support for globalization, trade, and innovation, with 26 countries agreeing on financing principles. The EBRD is involved, aiming to mobilize private sector investment. Reactions vary, with India cautious due to China's ties with Pakistan, while Indonesia and the USA show interest. The initiative's momentum is growing, but more answers are needed.

What is the significance of private sector involvement in the Belt and Road Initiative as discussed in the text?

How have different countries responded to the Belt and Road Initiative? Provide examples from the text.