NepaljoinedtheBRIon12May2017,but

Nepal joined the BRI on 12 May 2017, but no projects have been initiated under the BRI so far. Nepal has also signed the Millennium Challenge Corporation (MCC) agreement with the US on 14 September 2017. Many analysts view the MCC as a rival to the BRI, while some in Nepal have raised concerns about the BRI’s ‘debt trap’ narrative. ——Kc, K., Chand, H.P. (2024). The Reality and Myth of the BRI’s “Debt Trap”: Evidence from Nepal. In: Peng, N., Cheng, M.Y. (eds) The Reality and Myth of BRI’s Debt Trap. Indo-Pacific Focus. Springer, Singapore.