Millennium Challenge Account Nepal (MCA-Nepal) has signed two contracts worth USD 23.66 million under the Millennium Challenge Corporation (MCC) Nepal Compact for major road upgrading and maintenance ...

The Millennium Challenge Corporation (MCC) Compact was signed in September 2017 between the US aid agency and the government of Nepal promising $500 million worth of funding, with Nepal matching ...

The Millennium Challenge Corporation (MCC), a US-offered infrastructure aid deal, recently has brought chaos to Nepal's politics and society. The US urged Nepal to endorse the MCC by February 28, but ...

National Assembly member Ram Narayan Bidari, who is also a senior advocate, said the Parliament was not required to approve the Millennium Challenge Corporation compact signed between Nepal and the ...

Nepal’s Minister of Finance Gyanendra Bahadur Karki, seated left, and acting CEO of Millennium Challenge Corporation Jonathan Nash, seated right, sign the Nepal Compact, as Joint Secretary at the ...

The story so far: On February 27, the Nepal parliament approved the Millennium Challenge Corporation Nepal Compact — a $500-million grant from the United States for electricity transmission and road ...

“Countries knock at our doors all the time for capital, as it is getting harder and harder to obtain development funds. We are holding $500 million for Nepal. We cannot wait forever. When will it be ...

KATHMANDU, Feb. 19 -- The US government has communicated its blanket decision to put on hold US-funded Millennium Challenge Corporation (MCC) projects for 90 days. In an email sent to Nepal's Ministry ...

Nepali protesters opposing a proposed U.S. $500 million grant for Nepal clash with police outside the Parliament in Kathmandu, Nepal, Sunday, Feb. 27, 2022. Back in 2017, when Nepal formally accepted ...