Dr. Prakash Sharan Mahat, finance minister, and MCC Chief Executive Officer (CEO) Alice Albright convened for a cordial meeting on Tuesday. In the gathering led by CEO Albright at the Ministry of Finance in Singha Durbar, Minister Mahat emphasized that any lingering doubts from the past could be dispelled through the projects’ adherence to budgetary […]
MCC CEO Albright optimistic about project implementation Read Post »
Biplav-led All-Revolutionary Student Organization, close to the Maoists, protested against the MCC by burning an effigy of the MCC in Kathmandu.
Biplav-led group protests against MCC Read Post »
The Millennium Challenge Compact, originally signed between the Ministry of Finance and the Millennium Challenge Corporation (MCC) six years ago, is now moving forward with the initiation of the entry into force (EIF) for full-scale implementation. During a meeting of the Board of Directors of the Millennium Challenge Account Nepal Development Committee (MCA-Nepal) on August
MCC to be implemented starting August 30 Read Post »
Prime Minister Sher Bahadur Deuba, on Wednesday was unable to table the Millennium Challenge Corporation-Nepal Compact in Parliament after ruling coalition partner, CPN-Maoist Centre threatened to quit the government if the compact was tabled without amendments. It is expected to be tabled in the next meeting of the House of Representatives scheduled for Friday, if
A clash has occurred between those who are protesting against MCC and police in the New Baneshwore area. Currently, there is a tense situation in the Baneshwore area. “We will die but not let the MCC get passed,” shouted one of the protesters pushing the brigade. While others shouted, “Passing MCC means selling the country,”
Protest against Millennium Challenge Corporation (MCC) Read Post »
With a soon-approaching deadline, the fate of MCC’s presence in Nepal must be resolved by its political leaders soon. The fact that elections are arriving soon, does not help MCC’s cause. With the MCC dubbed as being against Nepal’s sovereign’s interests, leaders are hesitant to apply larger pressure on its ratification – in case
With MCC’s deadline fast-approaching, political leaders must decide upon its fate soon Read Post »
The United States-based headquarters of the Millennium Challenge Corporation (MCC) has expressed concern over the MCC Compact ratification after Nepal government prorogued the parliament on Friday without making any headway on the matter. “For more than 70 years, the United States and Nepal have forged a partnership based on shared values, democratic ideals, and trust.
Delays to ratification jeopardize critical and timely support, says MCC headquarters Read Post »
Minister for Foreign Affairs Dr Narayan Khadka has said that MCC could be passed only after forging a consensus among political parties. “There is a need to endorse the project that is much complicated and has attracted more attention of the incumbent government. But there is not possibility of passing the project without a consensus
MCC endorsement only after consensus among political parties: Foreign Affairs Minister Read Post »
The CPN-UML has demanded that the Millennium Challenge Corporation (MCC) agreement be ratified by the Parliament only after some amendments as suggested by the taskforce of the erstwhile Nepal Communist Party (NCP). The dismantled NCP had formed a taskforce under former prime minister Jhalanath Khanal, which had submitted a report saying that the MCC agreement
UML suggests ratification of MCC after amendment Read Post »
Vice President of Compact Operations of the Millennium Challenge Corporation (MCC) Fatema Z Sumar, paid a marathon visit to top political leaders of the country as soon as she arrived in Kathmandu on Thursday. Sumar is in Nepal leading a delegation including Deputy Vice President of MCC, Jonathan Brooks, for a four-day visit to facilitate
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