Sunday, March 26th, 2023

China Debt Nepal: Like Pakistan and Sri Lanka, China is taking Nepal on the path of destruction, know the dragon’s conspiracy

Kathmandu: On January 1, 2023, Pokhara International Airport was inaugurated by Nepal’s Prime Minister Pushpa Kamal Dahal Prachanda. The inauguration of this airport on the occasion of New Year was seen as the development of the country. But now due to this airport, the concerns of the country’s economic experts have increased. It is also true that at the time the airport was being constructed, there was a lot of controversy regarding it. From the Prime Minister to the Finance Minister and other top leaders attended the ceremony. By doing this, a clear message was given to China by the government that it is fully committed to increasing the transport infrastructure in the country. But ever since this airport opened, it has become just a headache.

not a single flight at the airport
If you believe the reports coming from the media of Nepal, then since the time this airport opened, not a single international flight has taken off. Because of this, questions are now being raised that whether this project will also get buried in the soil like other projects going on in the country. Initially, the government officials and the people of the country were very optimistic about this project. But now the way the work is going on here and due to the lack of preparations, the fear expressed by the experts, it seems that it will come true. The operation at the airport is negligible.
Pakistan Economy China: Lots of dollars received from CPEC, now Pakistan is not able to ask for help from China even after wanting, know why relations are deteriorating
Nepal was also given the maximum loan
Like Pakistan and Sri Lanka, China is also the largest creditor to Nepal. This country has invested a lot in infrastructure projects here. In 2017, Nepal took a loan of $215 million from China for the construction of Pokhara International Airport. This loan was given to Nepal on behalf of Exim Bank of China. Everyone was happy when the loan was given by China. It is believed that this loan will contribute a lot in the infrastructure development of the country. However, everyone had expressed concern over the conditions that were kept then.

China’s exorbitant interest rates
Everyone knows that China gives loans at very high interest rates. China’s commercial banks give interest rates ranging from 5.5 percent to six percent, while other countries have fixed the interest rate at around three percent. Higher interest rate means Nepal will have to pay more money in the form of interest for a longer period of time. This will have a direct impact on the country’s exchequer. If experts are to be believed, due to the Chinese debt, there will be an additional burden on the exchequer.

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