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China to provide 11.4 billion grant assistance to Nepal

The Chinese government will provide more than Rs. 11.4 billion 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 the countries, according to the Ministry of Finance.

Meanwhile, visiting Chinese Foreign Minister Wang Yi also pledged to provide development assistance announced during the visit of President Xi Jinping 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.

During the talks, the Foreign Ministers of the two countries have instructed the concerned bodies to make necessary preparations for speedy operation of the border. The Chinese Foreign Minister also assured the Nepali students to return to China as soon as possible.

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