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About 15 Chinese Belt and Road Initiative (BRI) projects worth over USD 2.4 billion ran into trouble last year, according to a London-based think tank report. The Overseas Development Institute (ODI) said in a report titled China navigates its Covid-19 recovery - outward investment appetite and implications for developing countries that the overall figure could be higher of all the setbacks to delays caused by the COVID-19 pandemic, South China Morning Post (SCMP) reported. According to the report, China Export & Credit Insurance Corporation (Sinosure) was greatly frustrated by Zimbabwe s failure to pay a USD 10 million commitment fee for the Kunzvi Dam electricity project, contracted to Sinohydro. The report said the Zimbabwean government was understood to already owe a substantial debt to Sinosure.

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