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csr gktoday Concerns over financing and transparency Nepalese government has three main concerns with China. o Nepal prefers grants and soft loans from China instead of commercial loans. o Nepal wants the interest rate and repayment time should be in line with that of multilateral funding agencies like the World Bank and Asian Development Bank. csr gktoday magazine subscription BRI projects should be open for competitive biddings.Apprehensions over Chinas debt trap diplomacy Sri Lankas financial crisis has become a pretext for Nepali officials wanting to slow down Chinese financing. 28  o The proposed Himalayan Quad is the culmination of a Chinese policy initiative for a geostrategic counter against the encirclement policy of the IndoPacific Strategy best current affairs magazines.