China's Delays, India's Gains: How Nepal's Frustrations With BRI Are Shifting The Sentiment
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China’s Delays, India’s Gains: How Nepal’s Frustrations With BRI Are Shifting The Sentiment
More than eight years after Nepal signed a ‘Memorandum of Understanding’ (MoU) with China on implementing BRI projects in the Himalayan nation, not a single project has taken off. Wrangling between Kathmandu and Beijing over the mode of financing the mega projects—China wants Nepal to take loans from it while Nepal wants grants from China—and other issues have held up work on even the ten flagship BRI projects that are often touted as examples o…
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