KATHMANDU, Aug 30: The Government of Nepal and the Millennium Challenge Corporation (MCC) have announced that the MCC Nepal Compact Program, which is going to be implemented jointly by the financial support of both, has entered the implementation phase.
The announcement was made
KATHMANDU, Feb 20: The government tabled the Millennium Corporate Challenge (MCC) in parliament on Sunday.
Minister for Information, Communication and Technology, Gyanendra Karki on the behalf of the Finance Minister Janardan Sharma tabled the MCC.
With this, the $500 million American grant will now require general majority of parliament for ratification.
Nepal had signed the compact with the United States of America in 2017.
Nepali Congress leader Dr. Sekhar Koirala has said the US-funded Millennium Challenge Corporation (MCC) compact is purely a development project. It is time to persuade Nepalis that the MCC compact is in favor of Nepal, he added.
KATHMANDU, September 9: The officials of the Millennium Corporate Challenge (MCC) of the United States of America, Fatema Z Sumar, vice-president and deputy vice president for Compact Operations Jonathan Brooks of the Department of Operations of the Millennium Corporate Challenge (MCC) arrived in Kathmandu on Thursday morning .
The officials are on their four-day visit to Nepal to discuss the MCC.
MCC officials arrived in Nepal shortly after the MCC sent written answers to the queries that the government of Nepal had forwarded.
The MCC has been awaiting rectification from parliament since 2017.
