Nepal Asks China to Wipe Away a Loan It Can’t Afford to Pay Back
https://www.nytimes.com/2024/08/23/business/china-nepal-pokhara-airport.html
Posted by Any-Imagination6240
Nepal Asks China to Wipe Away a Loan It Can’t Afford to Pay Back
https://www.nytimes.com/2024/08/23/business/china-nepal-pokhara-airport.html
Posted by Any-Imagination6240
1 comment
Third Party SS: Nepal’s Pokhara International Airport, which is built and financed by China, has become a symbol of the challenges associated with Chinese infrastructure projects, criticized for high costs and poor construction quality. Since its opening the airport has faced issues, including a deadly plane crash and a lack of international flights, making it financially unsustainable. Nepal’s new government, which has close ties to Beijing, recently asked China turn its $216 million loan for the airport into a grant to alleviate debt and strengthen Nepal-China relations. China’s response is yet unknown.