KATHMANDU, March 29: CPN-UML Vice-Chairperson Bishnu Prasad Paudel, commending China's leadership in launching the Global Development Initiative (GDI), viewed that Nepal could reap ample benefits from the Initiative. 

Addressing on the behalf of Nepal the Boao Forum for Asia (BFA) in the Henan Province of China on Thursday, Paudel said that Nepal could gain significantly from China's GDI that emphasizes priority areas such as poverty reduction, food security, climate change and digital development.

He said that the priority areas of the GDI resonated strongly with Nepal's own development priorities. "The GDI's core principles align with President Xi Jinping's vision of a shared future for mankind- a vision that emphasizes peace and interconnectedness. A truly shared future can only be realized when all nations, developed and developing alike, have equitable opportunities for progress and prosperity," the former Finance Minister said. 

"Nepal, a close neighbor of China, stands to gain significantly from the success of the GDI. We are confident that increased collaboration in areas like infrastructure development, technology transfer and capacity building will accelerate Nepal's national development efforts. We look forward to the GDI facilitating projects that are transformative to our economy and address Nepal's specific development needs," Paudel said.

Likewise, he said that Nepal believed that GDI could become a powerful force for building a more prosperous, peaceful and sustainable future for the world and articulated Nepal's eagerness to work with China and like-minded partners to further promote development agendas that are universal and beneficial to all.

 
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