KATHMANDU, Dec 12: Two months after the cancellation of the transmission line construction contract under the popular US aid project Millennium Challenge Corporation (MCC) project, the new contract process has not yet started.

KATHMANDU, Nov 3: Minister for Foreign Affairs NP Saud has said that the Millennium Challenge Corporation (MCC) projects in Nepal will be completed on time.

KATHMANDU, Oct 13: All the contracts for the transmission line project by the Millennium Challenge Corporation (MCC) have been canceled. The Millennium Challenge Account (MCA) Nepal issued a notice on Friday, stating that all these contracts were canceled.

Albright expressed confidence in completing the MCC projects within the five-year deadline

MCC CEO Albright to visit Nepal

September 29, 2023 12:00 pm

KATHMANDU, Sept 29: Alice P. Albright, the Chief Executive Officer (CEO) of the American project Millennium Challenge Corporation (MCC), is set to arrive in Kathmandu on Sunday for a five-day visit. This visit is taking place six years after the signing of the agreement between the United States of America and the Government of Nepal, with the implementation phase having commenced on August 29, 2022.

Nepal’s trade deficit with China widens

September 23, 2023 19:41 pm

KATHMANDU, Sept 23: Nepal has not been able to benefit from trade with its northern neighbor China, which has the second largest economy in the world. Since China does not prioritize trade with Nepal, the trade deficit with China is deepening.

Damauli, Aug 30: The process has begun for acquiring land for the construction of a 400 kV transmission line under the Millennium Challenge Corporation (MCC) compact.

KATHMANDU, Aug 29: The Millennium Challenge Corporation (MCC) Compact is entering into full-fledged implementation from Wednesday.

KATHMANDU, Aug 24: The process of land acquisition has been initiated in Dhading for the construction of an electricity transmission line as part of the Millennium Challenge Compact (MCC) grant project by the Millennium Challenge Account Nepal Development Committee (MCA-Nepal), funded by the United States.

KATHMANDU, July 14: US Assistant Secretary of State for South and Central Asia Donald Lu discussed the implementation of the US grant project MCC with Foreign Minister NP Saud during a meeting held at the ministry on Friday afternoon.

There have been murmurings, gossip, and serious talks within the corridors of Singhadurbar or its periphery about BRI projects, MCC, or Indian investments in hydropower projects, especially in the Koshi and Karnali river belts and the Arun River, a tributary of Koshi. Some time ago, the streets and general populace were divided into for and against MCC in a political line as stimulated by their leaders.

TRISHULI, April 11: Four local governments in Nuwakot district have boycotted a meeting related to compensation for land acquired for the installation of a power transmission line to be constructed under the Millennium Challenge Corporation (MCC) project.

KATHMANDU, April 5: US Ambassador to Nepal Dean R Thompson on Wednesday called on Finance Minister Prakash Sharan Mahat.

KATHMANDU, Nov 28: Millennium Challenge Account Nepal (MCA-N), the Nepal-based agency of the Millennium Challenge Corporation (MCC) of the US, has announced a global tender to construct 315 km long transmission lines.

KATHMANDU, August 19: The projects under the Millennium Challenge Corporation (MCC) compact will be implemented from August 2023. The Executive Director of Millennium Challenge Account Nepal (MCA Nepal), Khadka Bahadur Bista said in a press conference held on Thursday that the construction of the MCC projects will start from August, 2023.

KATHMANDU, July 25: When Prime Minister Sher Bahadur Deuba was about to address a program organized by the Bhimsen Thapa Memorial Foundation, three youths chanted slogans against the Citizenship Bill and the MCC.

KATHMANDU, July 22: Minister for Communications and Information Technology and Nepali Congress leader Gyanendra Bahadur Karki has claimed that Nepal will soon become a country with a strong economy in South Asia.

KATHMANDU, July 15: China has rejected the claim of the US Ambassador Nominee Dean R. Thomson that Millennium Challenge Corporation (MCC) Compact was ratified by Nepal in the face of China's 'disinformation campaign'.

KATHMANDU, July 15: The US Ambassador-nominee to Nepal Dean R. Thompson has claimed that Nepal's parliament ratified the $500 million Millennium Challenge Corporation Compact in February despite a 'disinformation campaign' launched by China.

KATHMANDU, June 29: CPN-UML Chairman KP Sharma Oli has alleged that one of the leaders of the ruling alliance was telling a lie to everyone, claiming that he stopped the US State Partnership Program (SPP). Oli was hinting at CPN (Maoist Center) Chairman Pushpa Kamal Dahal.

KATHMANDU, June 12: Nepal Workers and Peasants Party lawmaker Prem Suwal has claimed that the country’s economic situation has gotten worse after the government ratified the US-funded Millenium Challenge Corporation (MCC) compact agreement through parliament.

KATHMANDU, June 1: CPN (Maoist Center) leader Narayan Kaji Shrestha, who is also a member of the National Assembly, the upper house of the Federal Parliament,  has said that everyone should pay attention to the implementation of the budget for fiscal year 2022/23. Shrestha has also stressed corruption control and good governance as being necessary for development.

KATHMANDU, May 31: CPN (Maoist Center) leader Narayan Kaji Shrestha has said that the US government has yet to speak a single word about the 12-point explanatory declaration.

KATHMANDU, May 1: The Millennium Challenge Corporation (MCC) Compact has been published in the Nepal Gazette, the government's official bulletin.

KATHMANDU, April 16: The United States of America, who had agreed to provide about 60 billion in grants through the US aid project Millennium Challenge Corporation (MCC), is set to provide an additional 80 billion grant to Nepal.

BRI and MCC: Implications for Nepal

April 11, 2022 06:30 am

China and the United States came face-to-face over the issue of MCC agreement’s ratification through parliament. This is not a good sign for Nepal. The strategic rivalry between the US and China in Nepal should not be taken lightly.

KATHMANDU, March 27: Minister for Communications and Information Technology Gyanendra Bahadur Karki has reiterated that the MCC grant assistance provided by the US government is purely development assistance.

KATHMANDU, March 23: With the ratification of the US aid project Millennium Challenge Corporation (MCC) compact from the House of Representatives, the process of clearing the land acquired for the construction of a substation in Nuwakot has been started under the MCC compact agreement.

KATHMANDU, March 22: The government has issued a 35-day notice to vacate the land acquired for the construction of a substation under the US-funded Millenium Challenge Corporation (MCC) Compact agreement.

KATHMANDU, March 20: Nepali Congress (NC) leader Prakashman Singh has said foreign assistance by any country would be acceptable provided that it is in the interest of the nation and its people.

KATHMANDU, March 20: Minister for Home Affairs, Bal Krishna Khand has said that the US-funded Millenium Challenge Corporation (MCC) compact agreement was introduced because it is in favor of the country.

CHANDRAUTA, March 18: Home Minister Balkrishna Khand has said there is no point in suspecting the Millennium Challenge Corporation (MCC). It is useless to spread the illusion that the US Army will come to Nepal with the MCC grant, he reminded.

KATHMANDU, March 15: Minister for Home Affairs, Bal Krishna Khand has urged consumer rights activists to speak in favor of the Millenium Challenge Corporation (MCC) compact agreement which was passed through parliament with an interpretive declaration.

MCC in country's favor: PM Deuba

March 14, 2022 16:25 pm

TRISHULI, March 14: Prime Minister Sher Bahadur Deuba has reiterated that the recently-ratified Millennium Challenge Corporation compact is in the favor of the country. He also dismissed negative remarks about the compact agreement as false.

KATHMANDU, March 11: Home Minister Bal Krishna Khand has urged all to get rid of the illusion that the US troops will be coming to Nepal after the parliamentary ratification of the Millennium Challenge Corporation (MCC) grant agreement.

SURKHET, March 11: Chairman of the CPN (Maoist Center) Pushpa Kamal Dahal has said that the alliance has become stronger after the Millennium Challenge Corporation (MCC) grant agreement was ratified through parliament.

KATHMANDU, March 10: Prime Minister Sher Bahadur Deuba has said that the amount of grant received as per the MCC agreement will help the country's development and create employment.

KATHMANDU, March 9: Nepali Congress (NC) leader Prakash Man Singh has said that the NC had earlier advocated the endorsement of the US-aid project Millennium Challenge Corporation (MCC) even when it was in the opposition.

KATHMANDU, March 9: The third two-day full meeting of the CPN (Unified Socialist) is to begin from today.

BUTWAL, March 9: Minister for Home Affairs Bal Krishna Khand has asked his party cadres to make people clear about the Millennium Challenge Corporation (MCC) grant agreement as there are various rumors spread against grant agreement.

KATHMANDU, March 7: A meeting of the CPN (Unified Socialist) politburo is currently underway.

KATHMANDU, March 7: A Central Committee meeting of the ruling CPN (Maoist Center) is being held in Kathmandu on Monday.

KATHMANDU, March 6: The meeting of the central committee of the ruling CPN (Maoist Center) has been postponed to 2:00 PM today. The meeting was originally scheduled for 11:00 AM today.

MORANG, March 6: Nepali Congress (NC) General Secretary Gagan Thapa has said that it would be a disregard of the parliament to say that there was no rationale for the government and parliament to endorse the MCC grant agreement with an interpretative declaration.

KATHMANDU, March 4: A meeting of the Central Committee of the ruling  CPN (Maoist Center) is being held today.

KATHMANDU, March 3: Minister for Communication and Information Technology Gyanendra Bahadur Karki has said that the government aims to complete the MCC compact project within five years.

KATHMANDU, March 2: The Independent Power Producers Association of Nepal (IPPAN) has welcomed the ratification of the US grant project, Millennium Challenge Corporation (MCC) compact, by parliament.

KATHMANDU, March 2: Police have arrested an individual accusing him of being involved in placing a suspicious-looking pressure cooker, and creating a bomb hoax in front of the federal parliament building at New Baneshwar on February 28.

KATHMANDU, March 2: The Millennium Challenge Corporation (MCC) has acknowledged Nepal’s federal parliament’s decision to ratify the US $500 million compact between MCC and the Government of Nepal on February 27.

KATHMANDU, March 2: Chairman of Nepal Workers’ and Peasants’ Party Narayan Man Bijukchhe (Rohit) has accused Pushpa Kamal Dahal of helping to ratify the Millennium Challenge Corporation (MCC) grant agreement due to fear of being taken to International Court of Justice(ICJ) for killing 17,000 people in the course of ‘people’s war’.