MCC

MCC to be implemented starting August 30

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 »

MCC likely to be tabled in Parliament on Friday if ruling coalition leaders arrive upon a consensus today

MCC likely to be tabled in Parliament on Friday if ruling coalition leaders arrive upon a consensus today

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

MCC likely to be tabled in Parliament on Friday if ruling coalition leaders arrive upon a consensus today Read Post »

MCC's deadline

With MCC’s deadline fast-approaching, political leaders must decide upon its fate soon

  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 »

Delays to ratification jeopardize critical and timely support, says MCC headquarters

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 »

MCC endorsement only after consensus among political parties: Foreign Affairs Minister

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 »

MCC officials set off marathon meetings in a bid to get the US-led program ratified from Parliament

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

MCC officials set off marathon meetings in a bid to get the US-led program ratified from Parliament Read Post »

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