China and Nepal signed a framework agreement on December 4 to enhance cooperation under the Belt and Road Initiative, facilitating major investments in infrastructure projects like roads, airports, and rail lines. This agreement follows Nepal's earlier commitment to the BRI in 2017, which had stalled due to political disagreements. Critics of the initiative express concerns over potential debt traps and China's geopolitical ambitions through its financing strategies.
K.P. Sharma Oli, Nepal's veteran communist politician, has returned as prime minister for the fourth time and is set to visit China. His goal is to encourage Beijing to revitalize planned infrastructure projects during this days-long trip.
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