China to provide Rs 11.4 billion in grant assistance to Nepal

KATHMANDU: The government of the people’s republic of China will provide more than Rs 11.40 billion in grant assistance to the Government of Nepal under financial and technical assistance.

The amount will be spent on the implementation of projects agreed upon by both countries, according to the Ministry of Finance. The amount is provided for the year 2020.

Meanwhile, Chinese Foreign Minister Wang Yi, who is on a visit to Nepal, has also pledged to provide development assistance announced during President Xi Jinping’s 2019 visit to Nepal.

He expressed the commitment during the Nepal-China Foreign Ministerial Talks held in the capital on Saturday. He also agreed to fully operate the two-way movement of goods and services on the Rasuwagadhi-Tatopani border point.

During the talks, the Foreign Ministers of the two countries have instructed the concerned bodies to make necessary preparations for speedy. RSS