KATHMANDU, Feb 22: A task force formed by the ruling Nepal Communist Party (NCP) has recommended to the government not to endorse the Millennium Challenge Corporation (MCC) agreement signed between the US and Nepal in its existing form.
KATHMANDU, Feb 12: As the debate over the $500 million US grant under its Millennium Challenge Corporation (MCC) rolls on, major political actors in the country appear sharply divided along the ideological lines of their respective parties rather than over the substance of the compact.
KATHMANDU, Feb 12: A committee formed by the ruling Nepal Communist Party (NCP) to study whether an agreement on a $500 million grant offered by the US government should be endorsed through parliament, is preparing to seek a deadline extension. The committee formed on February 2 was initially given 10 days to come up with a report and its deadline is expiring Wednesday.
KATHMANDU, Jan 31: As the ruling Nepal Communist Party (NCP) continues to be divide over the $500 million US grant, party leaders have stressed the need for a common understanding whether to endorse or reject it, before it gets tabled in parliament.
KATHMANDU, Dec22: The standing committee meeting of the ruling Nepal Communist Party has been prolonged after top leaders couldn’t make a clear position on whether to endorse the $500 million grant provided under the Millennium Challenge Corporation as agreed earlier.