Source link : https://asia-news.biz/asia/nepal/us-allows-select-work-under-mcc-nepal-compact-to-resume-the-kathmandu-post/
In a notable development for international cooperation and enduring development in Nepal, the United States has authorized the resumption of select projects under the Millennium Challenge Corporation (MCC) Nepal Compact. The proclamation comes amidst ongoing discussions about the future of the Compact, which aims to bolster economic growth and infrastructure in Nepal through a $500 million investment. Following months of uncertainty and political debate, stakeholders are now hopeful that this resumption will reinvigorate vital initiatives aimed at improving the nation’s road systems, electricity supply, and overall economic resilience. As key players, including government officials and development partners, prepare to move forward, the eyes of both supporters and critics intensify scrutiny on the terms and impact of the MCC Compact in Nepal’s socio-economic landscape.
US Resumes Select MCC Nepal Compact Work Amid Local Concerns
Following a suspension due to local opposition, the United States has announced a limited resumption of projects under the Millennium Challenge Corporation (MCC) Nepal Compact. This decision comes after significant deliberation and aims to address both developmental goals and local concerns regarding the implementation of the compact. The MCC, a U.S. government foreign…
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Author : Victoria Jones
Publish date : 2025-04-12 03:42:00
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