KATHMANDU, Dec 27: The US-Nepal Policy Research Center (US-NPRC) has demanded for immediate ratification of the multi-million US dollar Millennium Challenge Corporation(MCC) compact, saying that a failure could tarnish Nepal's international image.
"We want to urge the Nepal government, the parliament and political leaders to be serious and honest in implementing the compact," the US-based Center said in a statement issued Thursday, "The failure on timely ratification could tarnish Nepal's international image and trustworthiness."
"The implementation of the project has to be completed in five years beginning in June 2020 and the delay could hamper its timely completion," the center said.
In September 2017, the U.S. Government’s Millennium Challenge Corporation (MCC) signed a $500 million compact with the government of Nepal. The compact aims to increase the availability and reliability of electricity, maintain road quality, and facilitate power trade between Nepal and India—helping to spur investments, accelerate economic growth, and reduce poverty. US-
NPRC is working in the field of science, technology, education and policy through research, training, professional development programs, and share knowledge and experience gained from research and analysis through training, seminar, and workshops in the United States and Nepal.
The center has over 50 members across the US, mostly academicians.