The Multilateral Cooperation Centre for Development Finance (MCDF) is a new, but prospectively important initiative in international development finance, initiated by China at the inaugural Belt and Road Forum in 2017, and now endorsed by eight leading international development banks worldwide. MCDF is a multilateral initiative to increase high-quality infrastructure and connectivity investments in developing economies in compliance with the international financial institution standards applied by accredited implementing partners through information sharing, capacity building and project preparation. It intends to support the implementation of the G20 Quality Infrastructure Principles, the UN Agenda 2030, the Sustainable Development Goals, and the Paris Agreement. Further Information (ENG).
2023 Government Work Report and National Economic, Social Development Plan
The 2023 Report on The Work of the Government and the 2023 Draft Plan for National Economic and Social Development were released on 5 March during China’s 14th National People’s Congress. Low carbon transition is on top of government’s agenda this year for both the 2023 report and the 2023 plan.