Concept Note: Development of “CPEC Social Sector Support Fund” (CPEC-SSSF) for Leveraging Image and Sustainability of CPEC

Dr. Shahid Rashid , Mr. Muhammad Muzammil Zia

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Background

In 2013, President Xi Jinping put forward the “One Belt One Road” (OBOR) initiative which can be termed as “Project of the Century” because it encompasses six major corridors to connect 65 countries of Asia, Europe and Africa and serve around 3 billion people and includes 38% of Global GDP. “One Belt” is the Silk Road Economic Belt and “One Road” recreates “21st Century Maritime Silk Road. Gwadar is at the junction of OBOR Belt and the Road.

Since 2013, more than 100 countries and international organizations have responded the OBOR initiative positively, and more than 40 countries and international organizations have signed cooperation agreements with China including Pakistan for the joint initiative namely China Pakistan Economic Corridor (CPEC). The “circle of friends” of OBOR is expanding and Chinese enterprises invest along the OBOR route line countries have reached more than 50 billion US dollars, a series of major projects has landed, led the national economic development, creating a large number of employment opportunities. OBOR initiative is come from China, but will benefits all over the world.

The Pakistan Vision 2025, OBOR, CPEC and Sustainable Development Goals (SDGs) include the development of social sector as an important component. The development of social sector besides the economic sector brings inclusiveness, promote soft image and thereby introduce long term sustainable.

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