Thursday, April 23rd, 2026

Govt will not take loans under BRI: Minister Gurung



KAVREPALANCHOWK: Minister for Communications and Information Technology, Prithvi Subba Gurung, has clarified that the government will not take loans under the Chinese Belt and Road Initiative (BRI).

He emphasized that while the government will avoid loans, it may enter into grant agreements during Prime Minister KP Oli’s upcoming visit to China next week.

Speaking at an event in Dhulikhel today, Minister Gurung stated, “There are differing opinions on whether to implement the BRI, but it is not that the government will immediately enter into a BRI agreement. Since the MoU has been signed, it should be implemented.”

He reiterated that the government’s policy is not to take loans from any source.

“We will not take loans, but we are open to accepting grants. If China offers a grant, we will consider it, and an agreement can be reached accordingly.”

Minister Gurung acknowledged that there are differing views on the BRI but pointed out, “Countries that have signed agreements on BRI projects are benefiting, with many of these projects being implemented as ‘game changers’ for their economies.”

He also stressed that the current government is committed to strengthening democracy and improving the welfare of its citizens, focusing on development and construction initiatives.

The minister explained that resolving issues arising from delayed development projects is part of the government’s responsibility.

He noted that some delays have been caused by disagreements between ministries.

Publish Date : 26 November 2024 15:28 PM

Two-day weekly holiday puts pressure on hospitals

KATHMANDU: The government’s decision to implement a two-day weekly public

PM Cup NVA Volleyball League begins today

KATHMANDU: The 10th edition of the Prime Minister’s Cup NVA

Economic Digest: Nepal’s Business News in a Snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of

US intercepts three Iranian oil tankers in Asian waters, sources say

WASHINGTON DC: The U.S. military has intercepted at least three

Clouds over hills, scorching heat set to grip Terai

KATHMANDU: Nepal is currently under the partial influence of western