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 NA team sets out on Gorakha-Kathmandu march to promote ‘unification… Flights affected by adverse weather, low visibility Gold price declines Rs 1,500 per tola Rain and snowfall likely from Monday Gold price ups Rs 2,000 per tola Earthquake jolts Mugu Top Headlines PM Oli extends New Year greetings1 Bus hit APF Inspector Tuladhar to death2 NA team sets out on Gorakha-Kathmandu march to promote ‘unification route’3 Economic prosperity achievable thru good governance: Minister Lekhak4 Gold price up by Rs 1,400 per tola5 PM Oli, Sri Lankan’s former President meet6 Earthquake jolts Mugu7 Rain and snowfall likely from Monday8 TRENDING Impact of Social Media on Nepalese Society Forbes-listed billionaire Binod Chaudhary tests positive for coronavirus Now more than ever, support the IT sector Asheem Man Singh Basnyat: We can evolve as a company to better suit a post-covid world Namrata is Miss Nepal 2020 Nearly three dozen Chinese manufacturers show interest in supplying electric buses to Nepali government Federal Parliament Secretariat returns badge pins to manufacturer “Ranju Darshana: Government has been using superiority approach to handling pandemic”
