China’s foreign aid agency is all set to make foray into Nepal
For the first time, China’s external aid and development agency, China International Development Cooperation Agency (CIDCA) is making a foray into Nepal, pledging to finance 15 pilot development projects in 13 northern districts of the country
For the first time, China’s external aid and development agency, China International Development Cooperation Agency (CIDCA) is making a foray into Nepal, pledging to finance 15 pilot development projects in 13 northern districts of the country.
In March 2019, the Nepal government had permitted the agency to provide development assistance so as to create capital in 15 northern districts of Nepal to meet their developmental needs.
A framework agreement was signed between the Ministry of Finance and CIDCA during the state visit of Prime Minister KP Sharma Oli to China in June 2018, allowing CIDCA to work in Nepal.
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