Saturday, March 15th, 2025

Reiterating its position on BRI, NC affirms opposition to loans


09 December 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The Nepali Congress (NC) has reaffirmed its stance that Nepal should receive grants, not loans, from China under the Belt and Road Initiative (BRI).

Speaking to the media after a meeting on Monday, party spokesperson Dr. Prakash Sharan Mahat clarified that the agreement signed during Prime Minister KP Sharma Oli’s visit to China does not prevent the government from pursuing grants.

“Our position remains the same as it was yesterday: grants, not loans,” Mahat said.

“The current agreement does not hinder the possibility of securing grants, though loans may be considered in exceptional cases. We trust that the government will proceed with the project accordingly.”

Mahat also emphasized that the framework signed during the Prime Minister’s China visit aligns with the understanding to prioritize grants.

“When the Prime Minister and other leaders have clearly stated that we should not take loans, there is no need for hesitation,” he added. “This message should also be conveyed in Parliament.”

He further stressed the need to honor previous commitments for grants made to the Chinese government and ensure their implementation.

Publish Date : 09 December 2024 12:44 PM

BRI an opportunity for Nepal’s development: Jhalanath Khanal

KATHMANDU: Former Prime Minister Jhalanath Khanal has said the Belt

Deputy PM Singh defends coalition with UML, calls for unity

PALPA: Deputy Prime Minister and Minister for Urban Development Prakash

Speaker Ghimire calls for strengthening Nepal-China cooperation under BRI

KATHMANDU: Speaker Devraj Ghimire has highlighted the need to make

Student organizations demand removal of election officer at Sunkuda Campus

BAJHANG: Student organizations affiliated with the Nepali Congress and the

Prachanda urges govt to address teachers’ demands immediately

KATHMANDU: Maoist Center Chairman Pushpa Kamal Dahal has urged the