Developing cross-border connectivity with major infrastructures like energy grid, highways and railways should be looked from broader perspective of socio-economic transformation of Nepal
The rising economic clout of China and India as the next door neighbors could be a blessing for socio-economic transformation of Nepal if Nepal can maintain a balanced foreign policy and constructive engagement. One of the major challenges faced in overall socio-economic development of the country is the modernization and expansion of physical infrastructures like energy, transport and border facilities which requires huge amount of financial resources and technologies suited to the fragile ecosystem and rugged terrain of the young mountains.
The new financial architectures under the framework of BRI, AIIB and the New Development Bank, can be a harbinger for promoting the trilateral cooperation for infrastructural development. Click here to follow the rest of the story -->