US Embassy Welcomes MCC’s Ratification

Kathmandu, 27 February 2022 Monday / A few hours after the House of Representatives ratified the $500 million-dollar Millennium Challenge Corporation (MCC) Nepal Compact, the US Embassy in Kathmandu welcomed the decision of the parliament.

Today’s decision by Parliament to follow through on its signed commitment and ratify the compact will mean more jobs for the Nepali people, a reliable supply of electricity, and lower transportation costs, read a statement issued by the US embassy Sunday night.

“The Government of Nepal signed the MCC agreement in 2017 after determining its goals to modernize Nepal’s energy and transportation sectors with the hope of helping more than 23 million Nepalis. The Nepali government will now be able to continue to work towards implementing the five-year program,” the Embassy said.  Rising Nepal