Failure to endorse the MCC compact by parliament could invite serious question about its future

If Parliament doesn't endorse the Millennium Challenge Corporation compact even during the upcoming winter session, serious questions will be raised about the future of the multi-million dollar US aid agreement, a senior official from MCC Nepal said

Dec 05, 2020
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If Parliament doesn't endorse the Millennium Challenge Corporation compact even during the upcoming winter session, serious questions will be raised about the future of the multi-million dollar US aid agreement, a senior official from MCC Nepal said.

With some sections within the ruling Nepal Communist Party expressing reservations about the compact terming it part of the US Indo-Pacific Strategy, the agreement hasn’t been ratified even after three years after both the governments signed the compact.

Under the programme, Nepal is to receive $500 million, which is to be used to fund the construction of a cross-border transmission line and improvement of roads.


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