Experts have suggested the country leadership to focus the national needs and priority while enforcing foreign country initiated mega projects for the economic development of the country.
They underscored the need for keeping in balance the diplomacy and keeping national interest in centre while enforcing the Belt and Road Initiative (BRI) project initiated by China and the Millennium Challenge Corporation (MCC) project forwarded by the US.
During an interaction organized on ‘BRI: International Practice and Its Relevance in Nepal’ by News Society Nepal, experts on international relations viewed although both projects are not unwelcome as such, they must be utilized for Nepal’s interest. Geja Sharma Wagle said the mega projects in Nepal were unnecessarily geo-politicized.
It was worrying to dub some projects for nationalist cause while others against nationalism. “The same BRI and MCC are successful in Mongolia while these failed in Sri Lanka. So, projects can not be termed good or bad in black and white. Most important is whether the country needs it or not,” he underlined.
He made it clear that Nepal could not afford the projects on taking foreign loan. According to him, if the parliamentary endorsement is made for the project of over Rs 50 billion, it could help maintain transparency. Public debates should be held before launching mega projects, Wagle suggested.
On the occasion, another expert Ajay Bhadra Khanal said neither MCC nor BRI would bring challenges. But, major problems around the implementation of these projects are corruption, political bad governance, and economic greed, he reminded. It would be counterproductive to run mega projects on personal interest, he cautioned.
Similarly, Chief Editor of the Annapurna Express weekly, Bishwas Baral, said mega projects are run successfully in democratic countries rather than in authoritarian countries. He reminded that in the African countries with low corruption, mega projects are implemented successfully.
