BRI to be in focus when Wang Yi visits Nepal this month

Signing on at least two projects likely during the Chinese foreign minister’s trip, on the heels of ratification of American grant that Beijing has taken exception to.

Nepal signed up to the $500 million Millennium Challenge Corporation Compact in September 2017. After years of lingering, and controversy and discord in recent months, the lower house of parliament on February 27 ratified the compact along with a 12-point declaration. The decision has already been communicated to the MCC headquarters.