Kathmandu: Prime Minister KP Sharma Oli has assured that no loan agreements will be signed during his upcoming official visit to China, scheduled for December 2. Addressing growing concerns about Nepal potentially falling into a debt trap, PM Oli emphasized that the visit aims to strengthen bilateral ties and enhance cooperation under the Belt and Road Initiative (BRI).

PM Oli clarified that the BRI is not a loan-driven initiative and that whether to take loans under its framework is not currently a matter of discussion. "We can take loans or grants from any country or agency based on national interest if needed," he stated, rejecting rumors that the visit would involve financial arrangements that could jeopardize Nepal’s sovereignty.

The Prime Minister outlined the key focus areas of his visit, including the implementation of past agreements, discussions on bilateral cooperation, the expansion of transmission lines, and measures to boost Nepal’s exports to China. He reiterated Nepal’s commitment to maintaining its sovereignty and autonomy while fostering multi-dimensional mutual friendship with its northern neighbor.

Addressing speculation about internal disputes, PM Oli dismissed claims of disagreements between the ruling Nepali Congress and the CPN (UML). He labeled the rumors baseless and urged the public to ignore such falsehoods, reaffirming that Nepal’s national interest and global peace would guide the visit.

During a discussion with former prime ministers and foreign affairs ministers, former Prime Minister Pushpa Kamal Dahal 'Prachanda' underscored the importance of effectively implementing agreements signed during his tenure. He advised against using diplomatic relations with China or India as political leverage, adding that Nepal’s diplomacy must prioritize the country’s long-term development needs.

Foreign Minister Arzu Rana Deuba confirmed that the government is finalizing the visit’s agenda in consultation with coalition partners. She assured that media reports of disputes within the ruling alliance were unfounded.

The meeting, held to prepare for the visit, was attended by several former prime ministers, foreign ministers, and senior political leaders. Notably absent was Nepali Congress President and former Prime Minister Sher Bahadur Deuba, who was outside the Kathmandu Valley.

PM Oli also highlighted Nepal’s neutral stance in its relations with India and China, emphasizing the importance of leveraging friendly ties with both nations for economic development. "We do not play cards against any nation. Our approach is rooted in Nepal’s needs and decisions," he remarked.

The upcoming visit is expected to strengthen Nepal-China ties while maintaining Nepal’s independent foreign policy. Stakeholders hope it will lead to tangible outcomes in areas such as trade, infrastructure development, and renewable energy, while preserving Nepal’s sovereignty and strategic autonomy.