Mr. Chapagain talks on how policies affects projects and economic activities at the Himalayan Consensus Summit 2017, Click to watch full video.
Chinese government has actively promoted economic and technical developments in Nepal, such as construction of roads, airport, hospitals and schools, among others. Nepal also became the founding member of the Asian Infrastructure Investment Bank a year ago. We believe that all these initiatives will improve the infrastructure conditions and promote energy development in the country which will play a crucial role in boosting the economy and (business) environment of Nepal.
Finance and investments have been forthcoming with institutions and special-purpose vehicles such as AIIB coming forward. Whereas, funds from organizations such as ADB, JICA, UN, World Bank along with private funds are going to be key in trade and investment. There are three critical issues to be considered. These initiatives will be India’s and China’s most effective entry and durable presence into the geographies, societies and economies of this region. It could change the entire matrices of cooperation in South Asia and could trigger a “new regionalism”.