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 Federal Parliament session called for April 30 Home Ministry to be held by Prime Minister Shah All will be brought on board to conduct NC general… Unity among leftist forces necessary : Prachanda Twelve houses gutted in fire in Nawalparasi Drafting Committee submits draft HoR Regulations to Speaker Aryal Top Headlines Before the Ballots: How Oli Lost the Political Narrative1 Nepali Congress provides financial assistance for Samba’s treatment2 Jagdamba Group Chairman Shankar Agrawal Arrested3 We will return the savings of cooperative victims within 100 days : Rabi Lamichhane4 NC President Thapa expresses sorrow over Dhading bus accident5 PM Karki addresses 61st Session of Human Rights Council: Reaffirms Nepal’s unflinching commitment to advancing human rights6 Govt declares three-day public holiday of election7 Two Offices Under Ministry of Communication to Be Abolished8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? National Poet Madhav Prasad Ghimire no more Hungry people out on streets, but the government nowhere to be seen Nepal Army opens investigation into case of captains thrashing soldier in Congo Nearly three dozen Chinese manufacturers show interest in supplying electric buses to Nepali government The envisioned Defense University and its rationale “Ranju Darshana: Government has been using superiority approach to handling pandemic”
