US bid to give US$500 million to Nepal sparks protests, war of words between Washington, Beijing

Feb 22, 2022 | INVESTING

After repeated delays, a controversial US aid grant to provide US$500 million in vitally needed infrastructure funds to Nepal has been introduced in the country’s parliament for approval. Washington has imposed an end of February deadline for lawmakers in Kathmandu to ratify the Millennium Challenge Corporation (MCC) pact.But the quickly approaching deadline is not the only thing that could scupper the agreement, as the US-China rivalry and domestic disagreement are threatening to sink the deal…

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