KATHMANDU, Aug 31: The US Millennium Challenge Corporation (MCC) initiative of the United States has kicked off its implementation phase. The project's execution was formally initiated as Finance Minister Prakash Saran Mahat and Cameron Alford, Vice President of MCC for Compact Operations, exchanged the 'Entry into Force' (EIF) agreement on Wednesday.

Unfortunate Opposition to MCC Compact

August 31, 2023 07:30 am

In a move that raises concerns for Nepal's developmental trajectory and its potential for foreign investment, a section of leftist parties, including some from the ruling coalition, has launched a fresh protest against the implementation of the Millennium Challenge Corporation (MCC) Compact, even after their key concerns have been addressed by the US government.

KATHMANDU, Aug 30: The Millennium Challenge Corporation (MCC) Compact enters full-fledged implementation on Wednesday.

KATHMANDU, March 22: Prime Minister Sher Bahadur Deuba said on Monday that the US government's grant assistance Millennium Challenge Corporation (MCC) compact is in the best interest of Nepal and its development.

KATHMANDU, September 9: The Millennium Challenge Corporation (MCC) has responded to the request of Nepal government to clarify some of the provisions of the MCC Nepal Compact.