Nepal’s Prime Minister K.P. Sharma Oli’s visit to China has set the stage for a renewed infrastructure cooperation push under the Belt and Road Initiative, a move seen as pivotal for Nepal’s economic goals but fraught with government coalition tensions over debt fears and risk of political fallout with its traditional ally, India.
During his four-day trip to Beijing, Oli met with Chinese President Xi Jinping, signed a framework deal under China’s Belt and Road Initiative, and secured 300 million yuan (US$41 million) in financial assistance.
China and Nepal initially signed a belt and road deal in 2017, but no projects have been planned or implemented since. Analysts say the new agreement will reinvigorate projects, which could…
