Bolsters Nepal-China Economic Ties

It seems the debate on China’s Belt and Road Initiative (BRI) has slowed down at the moment. Prior to Prime Minister KP Sharma Oli’s visit to China early this month, the political spectrum was divided on the funding modality of BRI projects. After Nepal and China signed a Framework for Belt and Road Cooperation in the first week of this month, there was some ruckus within the ruling Nepali Congress over the use of certain terminology in the accord. On the other hand, communist parties have hailed the deal and stressed its implementation to benefit the two countries. Though the two countries have not entered a deal on implementing any of the 10 selected projects, the agreement on the cooperation framework sheds light on theoretical and practical insights into the projects and their implementation.