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China Pledges Rs 11.4 Billion Grant Assistance for Nepal

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China Pledges Rs 11.4 Billion Grant Assistance for Nepal
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March 27: The Chinese government has agreed to provide more than Rs 11.40 billion as grant assistance to the Government of Nepal under its financial and technical assistance.    
According to the Ministry of Finance, the amount will be spent on the implementation of China-backed projects. Visiting Chinese Foreign Minister Wang Yi confirmed the grant assistance to Nepal.   
Minister Wang, who is on a three-day visit to Nepal, also pledged to provide development assistance announced during Chinese President Xi Jinping's 2019 visit to Nepal.    
He expressed such commitment during the Nepal-China Foreign Ministerial Talks held in the capital on Saturday, the state-owned national news agency RSS reported. He also agreed to fully operate the two-way movement of goods and services through the Rasuwagadhi and Tatopani border points.    
During the talks, the foreign ministers of Nepal and China agreed to instruct the concerned authorities to make necessary preparations for speedy operation of the border points. The Chinese foreign minister also assured that China will allow Nepali students to return to their universities and educational institutions as soon as possible.    

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