china BRI project nepal foreign minister says nepal is not in position to take loan either emphasis grants | Nepali Foreign Minister bluntly said after returning from China tour

By Cross Talk India Team Last updated Dec 1, 2024

Nepal-Chinese Foreign Ministers Meeting: Nepalese Foreign Minister Arju Rana Deuba has returned from a three-day visit to China. On returning to Kathmandu, he clarified Nepal’s position regarding BRI projects. After returning from the trip, Nepali Foreign Minister said on Saturday, November 30 that Nepal is not in a position to take loans for projects under China’s Belt and Road Initiative (BRI). Instead, Nepal will depend on grants and move forward on the basis of mutual consent among all stakeholders. The Nepali Foreign Minister said the purpose of his three-day visit to China was to prepare for the official visit of Nepalese Prime Minister KP Sharma Oli to Beijing from December 2.

Nepal in 2017 BRI the agreement was signed

According to the report of Business Standard, Foreign Minister Arju Rana Deuba said that Nepal had signed the BRI framework agreement in the year 2017. But discussions are still going on regarding ways to implement it. Projects under BRI will proceed on the basis of agreements and mutual understanding between all stakeholders of China and Nepal. In response to a question, the Foreign Minister said that Nepal is currently not in a position to take a loan under BRI. We have made this position clear during talks with the Chinese side.

Nepal has BRI clarified the situation regarding

The Nepali Foreign Minister said that Nepal’s ruling coalition partner Nepali Congress (NC) has already decided to implement BRI projects on the basis of grants instead of loans. Even in China, our discussion revolved around taking the projects forward. It is noteworthy that Sri Lanka is also a partner of China’s BRI project, but it has many concerns of its own. In which Sri Lanka’s concerns regarding BRI have increased after China acquired Hambantota port on a 99-year lease.

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