In Ethiopia, the Silk Road Fund and the US-DFC are backing competiting projects in the newly open telecom sector.
Nepali-Chinese relations have grown stronger since the beginning of the Belt and Road Initiative with new projects.
Book review: Ye, M. (2020). The Belt Road and Beyond: State-Mobilized Globalization in China: 1998-2018. Cambridge University Press.
Australia cancelled the agreements signed between the state of Victoria and China on the BRI ; this would further harm China-Australia relations.
At Boao Forum for Asia 2021, Hainan, China invited the world to cooperate with the Belt and Road Initiative to speed post-Covid19 recovery.
Montenegro may default because of a BRI motorway construction project. Governance and financial matters need to be improved for future BRI programmes.
In early April 2021, the Malaysian government announced the re-initiation of the original alignment of the East Coast Rail Link (ECRL).
Natural disasters can threaten large infrastructure projects and create financial turmoil in developing countries along the new Silk Road.
Washington has launched several projects to compete with China’s BRI, but these initiatives suffer from US lack of consistency.
In Iran, China is going to invest in a wide range of sectors including energy and transport and help the country to connect with the new silk road.