गृहपृष्ठ ∕ Business ∕ MCC approves additional 50 US dollars for Nepal Business MCC approves additional 50 US dollars for Nepal KathmanduPati January 03, 2025 File Photo KATHMANDU – The Millennium Challenge Corporation (MCC) Board of Directors has approved $50 million of additional funding for the Nepal Compact. According to the MCC Board of Directors, the latest announcement underscores the shared commitment between MCC and Nepal to advancing Nepal’s development priorities through transformative, high-quality infrastructure projects. “The additional funding reaffirms our mutual dedication to ensuring the compact’s success in strengthening Nepal’s electricity grid and supporting long-term economic growth,” said MCC Vice President of Compact Operations Cameron Alford in a press statement on January 2. The MCC is an independent U.S. government development agency working to reduce global poverty through economic growth and was created in 2004. It provides time-limited grants that pair investments in infrastructure with policy and institutional reforms to countries that meet rigorous standards for good governance, fighting corruption and respecting democratic rights. Write your comments RELATED NEWS There is no truth in publicity about leaking of budget… MPS draw government’s attention on various issues Innovation Ministry gets down to business after getting leadership Nepal reassures India over border remarks but domestic political fallout… RSP appoints Hikmat Jung Karki to party’s Central International Relations… Nepal explains UK’s role in border row with India Top Headlines Before the Ballots: How Oli Lost the Political Narrative1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 We will return the savings of cooperative victims within 100 days : Rabi Lamichhane4 Jagdamba Group Chairman Shankar Agrawal Arrested5 Two Offices Under Ministry of Communication to Be Abolished6 Court Orders Release of UML Rekha Sharma7 Nepali Congress provides financial assistance for Samba’s treatment8 TRENDING Lockdown 2.0: What the Government should do this time around Indian Army Chief General Naravane to visit Nepal in November Mohammed Zahidur Rahman: Countries need to have strong policies to sustain development Crusher, boulder industries asked to abide by new set of rules Home Ministry decides to stop issuing vehicle pass as COVID-19 cases spike World Bank to provide $24 million to support Nepal’s sustainable forestry RAW Chief recent visit sets the stage for high-level dialogue between Nepal, India to resolve border disputes: Dr Nayak Nepal records a coronavirus related death in every two hours
