BRI: Backbone of Nepal’s long-term development, regional stability and prosperity

mypeoplesreview.com · 1 week ago

More than eight years after signing the Memorandum of Understanding on the Belt and Road Initiative (BRI), its implementation in Nepal remains stalled due to geopolitical constraints, internal political polarization, weak institutional capacity, and external influences. Key obstacles include a lack of national consensus on BRI projects and funding, insufficient technical and negotiation skills, and strategic concerns from India and the United States. The delay represents a significant opportunity cost for Nepal's economic and infrastructural development.