Nepal revamps colonial-era railway link

Nepal revamps colonial-era railway link

Shrubs spring up around a rusted train engine in southeast Nepal, with carriages propped up on bricks and tall grass growing over abandoned wheels, offering mute testimony to years of neglect suffered by an abandoned railway line.

Chinese loans may put Bangladesh in debt trap

Chinese loans may put Bangladesh in debt trap

China is arm-twisting Bangladesh to convert soft loans it offered -during President Xi Jinping’s visit to Dhaka last year -to commercial credit (incurring higher interest rates) with apparently no headway into projects for which the amount was earmarked.