Thursday 22nd February 2024
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Thursday 22nd February 2024
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गृहपृष्ठPoliticsParliament ratifies MCC Compact with “interpretative declaration”

Parliament ratifies MCC Compact with “interpretative declaration”


KATHMANDU – Nepal’s House of Representatives (HoR) on Sunday ratified the Millennium Challenge Corporation (MCC) Compact with what it said “interpretative declaration”.

Earlier today, a meeting of the ruling coalition held at the Prime Minister’s official residence in Baluwatar had decided to ratify the MCC agreement by including the government’s answers and interpretative declaration on the questions raised in the Parliament.

According to the ruling coalition, the five-point “interpretative declaration” includes that the parties will not consider MCC a part of US military strategy (IPS).

Likewise, the parties have also said that the MCC Compact will not be above Nepal’s constitution and laws.Likewise, the ruling coalition has said that MCC Compact will be taken only as financial assistance, and that the audit should be done by the Office of the Comptroller and Auditor General of Nepal.

Likewise, the points of the interpretative declaration prepared by the Ministry of Finance should be considered. The parties have also said that they would even revert the decision on the basis of political consensus.

Prior to that the ruling parties were in internal discussions on the issue. Prime Minister Sher Bahadur Deuba, CPN-Maoist Chairman Pushpa Kamal Dahal “Prachanda”, Unified Socialist Chairman Madhav Kumar Nepal, JSP Chairman Upendra Yadav and other top leaders of the coalition parties attended the meeting.





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