REAL GEOPOLITICAL DEBT TRAP BY AMERICA
He also pointed out that electricity produced by Millennium Challenge Corporation will not be for local consumption but will be solely for export to India. As a consequence, it will not directly benefit the local economy.
With about 6,000 big and small rivers, Nepal offers a huge potential for hydropower generation. But India has control over most of Nepal’s main rivers through a series of barrages and dams. That has not gone well with nationalists within the Himalayan country.
It is not hard for people in Nepal to figure out whose interests are served through Millennium Challenge Corporation Nepal....
Another point of irritation for people in Nepal is the fact that the Americans had described the funds they would spend on the project as a “donation”. But this turned out to be false. "It is actually an investment of $500 million on which the Americans want to make a profit of billions by exporting electricity to India."
“That Millennium Challenge Corporation is not a grant was confirmed by US Ambassador Randy Berry in a recent TV interview,” said veteran journalist Dhruba Adhikari. “If it were an investment, they would ask for a return or profit or dividend. Why should Nepal take such investment at the price of antagonising China?”
He also pointed out that electricity produced by Millennium Challenge Corporation will not be for local consumption but will be solely for export to India. As a consequence, it will not directly benefit the local economy.
With about 6,000 big and small rivers, Nepal offers a huge potential for hydropower generation. But India has control over most of Nepal’s main rivers through a series of barrages and dams. That has not gone well with nationalists within the Himalayan country.
It is not hard for people in Nepal to figure out whose interests are served through Millennium Challenge Corporation Nepal....
Another point of irritation for people in Nepal is the fact that the Americans had described the funds they would spend on the project as a “donation”. But this turned out to be false. "It is actually an investment of $500 million on which the Americans want to make a profit of billions by exporting electricity to India."
“That Millennium Challenge Corporation is not a grant was confirmed by US Ambassador Randy Berry in a recent TV interview,” said veteran journalist Dhruba Adhikari. “If it were an investment, they would ask for a return or profit or dividend. Why should Nepal take such investment at the price of antagonising China?”
