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 Nation’s political atmosphere is uneasy: Prachanda Foreign Minister aggrieves fatal train accident in Maharashtra of India President urges people’s representatives to carry out works with people… Prayagraj Mahakumb Mela: An opportunity for promoting cross-border religious tourism APF plays crucial role in maintaining peace and order: CM… Armed Police Force into 24 years 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 Gold price ups Rs 2,000 per tola6 NA team sets out on Gorakha-Kathmandu march to promote ‘unification route’7 HoR Secretary Rai sworn in8 TRENDING The Role of the Nepalese Army in Strategic Road Projects A phone call that paved the way for RAW Chief’s visit to Nepal National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions Lockdown 2.0: What the Government should do this time around Forbes-listed billionaire Binod Chaudhary tests positive for coronavirus This time’s Teej, social distancing please!
