Nepal Asks China to Turn Airport Loan into Grant Due to Financial Problems

Nepal's new government has formally asked China to convert a $216 million loan, used to construct Pokhara's international airport, into a grant. The airport, built under China's Belt and Road Initiative, has faced multiple issues, including a fatal plane crash and lack of international flights, leading to concerns over the project's viability. The request highlights Nepal's economic struggles and aims to strengthen ties with China. According to The New York Times, this move may also halt ongoing investigations into corruption related to the airport's construction.