With investments totalling around $1,000 billion, the One Belt, One Road initiative is the largest undertaking of its type anywhere in the world. China is deploying all its industrial and financial clout into developing gigantic new land and maritime infrastructure across nearly one hundred countries. But what is the appropriate reaction: to perceive a threat from the push towards economic hegemony or to wager on the initiative’s development potential?
Sixteen months after adopting the New Urban Agenda (NUA) in Quito in 2016, the 9th session of the World Urban Forum (WUF) took place in Malaysia’s capital from 7th to 13th February 2018 with a focus on how to implement the NUA. The question of how it will be financed, and the extent of private sector involvement, were amongst the many issues to resolved, and the 9th session issued a call for private sector funding.