border review | 29 August 2011

UNIDO Beijing chief admonished for Lumbini deal

Guna Raj Luitel for The Himalayan Times:

The United Nations Industrial Development Organization (UNIDO) said it has take action against the head of Beijing based Investment Promotion Office, Yuandong Hu, for making a controversial agreement with the Asia Pacific Exchange and Cooperation Foundation (APECF) regarding a three-billion-dollar fundraiser aimed for a special project in Lumbini, the birthplace of Lord Buddha, in Nepal. […]

UNIDO headquarters has written to its office in Beijing informing that the agreement with APECF was invalid.

And, a day later:

The UNIDO headquarters has written to APEC informing that the deal is not acceptable. Nepal’s permanent representative to the UN has hailed the UNIDO move, a source said.

This begins to look like quite a stunt. I wouldn’t be surprised if Beijing pulls the plug now. If not then there is probably more to it than we know.