Nepal requests China to convert $219.3M Pokhara airport loan into a grant due to high interest rates.

Nepal requests China to convert a $219.3M loan for Pokhara Regional International Airport into a grant, citing high interest rates from China's Belt and Road Initiative compared to other donor agencies. The loan was taken from China's Exim Bank in 2016. Nepal has also signed four cooperation agreements with China for various projects under the BRI framework.

August 22, 2024
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