Kathmandu: Nepal has accepted free aid projects worth US$20 million from China. The news came to light during Prime Minister Sharma Oli’s visit to China. This is Oli’s first visit to China after taking office as Prime Minister for the fourth time. Information and Communications Minister Prithvi Subba Gurung told reporters that it has been decided to accept China’s project assistance worth US$20 million (approximately 2.7 billion Nepali rupees).
Prime Minister Oli is visiting China
According to government spokesman Gurung, in addition, the cabinet also decided to accept 300 million yuan (approximately US$4.1 million) proposed by the Chinese government for a project worth 5.6 billion Nepali rupees. Nepalese Prime Minister Oli embarked on a four-day official visit to China on Monday. During his visit, he plans to hold talks with Chinese President Xi Jinping on various issues of common interest. The foreign ministry said Oli was visiting Beijing at the invitation of Chinese Foreign Minister Li Keqiang.
What did Prime Minister Oli say?
At the same time, we also want to tell you that Nepalese Prime Minister Oli said before his visit to China that no agreement on the loan issue would be reached during his visit to China. Oli made it clear, “We take loans or grants from any country or agency as and when required in our national interest. We should not be affected by such baseless rumors that the so-called loans are meant to make the country Falling into debt. “He once said, “We have friendly relations with China. We place high value on sovereignty, independence and freedom, as well as national and global well-being.
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