Nepal's Prime Minister KP Sharma Oli is seeking to establish a new framework for China-funded BRI projects, as previously signed agreements have not progressed.
Progress on BRI projects has been hindered by political divisions in Nepal and concerns over debt sustainability, despite a commitment to the Trans-Himalayan connectivity initiative.
Oli's visit to Beijing is crucial, as it marks his first trip abroad since taking office, emphasizing the urgency of advancing BRI projects and securing grants.
Nepal has proposed nine significant projects under the BRI and is awaiting $740 million in developmental assistance from China, reflecting its reliance on Chinese investment.
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