“Once we sign the implementation plan, we will move into the implementation phase,” Shrestha, also the Minister for Home Affairs said while addressing an event here that is part of the Silk Road Youth Forum and South Asian Cooperation Conference.
He said the two countries will sign the implementation plan of the Belt and Road Initiative (BRI) “very soon” without specifying any date.
His statement came as Sun Haiyan, a senior leader of China’s ruling Communist Party, was visiting Nepal and meeting the country’s top leaders.
The signing of the BRI implementation plan is the key to negotiate and execute the projects under the initiative.
Nepal and China signed a Memorandum of Understanding on the BRI in 2017. However, not a single project under the initiative, a pet project of Chinese President Xi Jinping, has either been executed or negotiated.
This story is from the January 30, 2024 edition of The Business Guardian.
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This story is from the January 30, 2024 edition of The Business Guardian.
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