Nepal’s PM Rules Out Signing BRI Loan Agreement During Upcoming China Visit

The Nepali leader said his visit aims to strengthen ‘bilateral friendship’ with China.
Nepal’s PM Rules Out Signing BRI Loan Agreement During Upcoming China Visit
Nepali Prime Minister K.P. Sharma Oli speaks during the 79th Session of the U.N. General Assembly at the United Nations headquarters in New York City on Sept. 26, 2024. Charly Triballeau/AFP via Getty Images
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Nepali Prime Minister K.P. Sharma Oli on Monday ruled out signing any loan agreement under the Chinese regime’s Belt and Road Initiative (BRI) during his upcoming official visit to China next month.

Oli is scheduled to visit China on Dec. 2, his first bilateral visit since taking office in July. This move is seen as a departure from the traditional practice of newly elected Nepali prime ministers visiting India as their first official trip.