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 HPV vaccination drive is for healthy Nepal: Health Minister Paudel Combined efforts needed for success of Healthy Nepal Campaign: PM… Government total expenditure stands at Rs 667.60 billion in last… Priority to be given for overall development of Myagdi: Prachanda Remittance inflow increases 4.1 percent in last six months Power cutoff in various parts of Kathmandu for eight days… Top Headlines Scrutinizing Relevance of Prithivi Narayan Shah´s Thoughts and Strategy1 Relevance of Prithivi Narayan Shah in Contemporary Nepal2 Ncell is the FIRST Nepali Telecom Company to receive ISO 27001 and ISO 27701 certifications for information security and data privacy3 PM Oli, Sri Lankan’s former President meet4 PM Oli extends New Year greetings5 NA team sets out on Gorakha-Kathmandu march to promote ‘unification route’6 Gold price ups Rs 2,000 per tola7 HoR Secretary Rai sworn in8 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? The Role of the Nepalese Army in Strategic Road Projects What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more UPAYA CITY CARGO LAUNCHES Version 3.0 Public Relations for a Soldier Impact of Social Media on Nepalese Society
