The Belt and Road Initiative (BRI) is beneficial for the global economy, as it is expected to help eradicate poverty worldwide, offering more job opportunities and significant economic growth to developing nations, noted the World Bank.

According to a report released by the World Bank in April, in countries like Kenya and Tanzania, an additional million poor people are expected to be lifted from extreme poverty by 2030, while thanks to BRI projects, South Asia and Pakistan are expected to raise an additional 1.3 million people above the extreme poverty line. Bangladesh and India are expected to see a similar but smaller number of people lifted out of poverty, i.e. 430,000 and 650,000, respectively. In Nepal, BRI infrastructure investment alone will lift an additional 52,000 people out of extreme poverty compared to the baseline.

BRI related investments could contribute to lifting 8.7 million from extreme poverty and 34 million from moderate poverty on a global level. Through infrastructure investments, the BRI can raise an additional 8.7 million people from extreme poverty. These benefits extend to both BRI and non-BRI countries: 5.1 million from BRI related countries and 3.7 million from non-BRI countries.

First launched in 2013, the BRI has become the world's largest platform for international cooperation, with a total of 123 countries and 29 international organizations signing BRI agreements with China.