Stories Tagged 'Belt and road initiative'
Unlike China’s Belt and Road Initiative, which required countries like Nepal to ‘sign up’ in order to benefit, there is nothing for Nepal to join.
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Xi’s keynote shows that there has been a polar shift in the global strategic balance.
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At the end of the BRI conference on April 27, a joint communiqué will explicitly incorporate projects for Nepal under the initiative, enabling an environment for their execution, according to officials at the Ministry of Foreign Affairs.
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After Nepal signed up to China’s Belt and Road Initiative in May 2017, the government had formed two committees—led by foreign and finance secretaries—to identify projects for negotiations with the Chinese side. When the finance secretary-led committee listed 35 projects to develop under the initiative, it had brought interest in China’s funding in Nepal to a pitch fever.
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Finance Minister Yubaraj Khatiwada on Tuesday expressed his discontent over the slow progress of China’s Belt and Road Initiative (BRI) and stressed it is “time for action” and to stop politicising the plan that aims regional economic development.
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