Prime Minister KP Sharma Oli has said that it is worthless to link the Millennium Challenge Corporation Compact Program and the United States Indo-Pacific Strategy as these are two different agreements.
Addressing the week-long central committee meeting of ruling Nepal Communist Party in Kathmandu today, the PM said “As many as 49 countries from Asia, Africa and South America have already signed MCC deal with the United States.”
Oli, in his nearly two-hour speech, reiterated the need to approve the MCC through the House of Representatives at the earliest.
Assuring that there is no military component in the Compact, he said the $500 million grant could be used for economic development.
The PM also presented a list of major achievements made by his government since it came to power in February 2018.
He talked about improving bilateral ties and steps taken to resolve border issues with India, among other things.
This is the second time the party is holding its central committee meeting after the two largest communist forces—the CPN (UML) and CPN Maoist (Centre)—merged and launched the new communist party in the country in May 2018.