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 Nepali Congress provides financial assistance for Samba’s treatment We will return the savings of cooperative victims within 100… Govt declares three-day public holiday of election PM Karki addresses 61st Session of Human Rights Council: Reaffirms… UN Resident Coordinator Yahia calls on Home Minister Aryal NC President Thapa expresses sorrow over Dhading bus accident Top Headlines Before the Ballots: How Oli Lost the Political Narrative1 Govt declares three-day public holiday of election2 Nepali Congress provides financial assistance for Samba’s treatment3 NC President Thapa expresses sorrow over Dhading bus accident4 PM Karki addresses 61st Session of Human Rights Council: Reaffirms Nepal’s unflinching commitment to advancing human rights5 Curfew imposed in Birgunj until further notice6 Dhading bus accident: One more dies, 22 receiving treatment in Kathmandu7 UN Resident Coordinator Yahia calls on Home Minister Aryal8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector CIAA summons Bijaya Prakash Mishra over alleged negotiation for Rs 700-million bribe with former Minister Baskota Mayor of Kathmandu Metropolitan now coronavirus free Siwakoti appointed as Nepal’s Trade Advisor by Canadian Trade Commission Services Mini stadium being constructed in Hetauda Govt appoints Deepak Bhandari as NARC’s Executive Director Nepal now and Nepal then Borders to remain closed until mid October
