MCC projects to be continued in Nepal

Kathmandu: The US government has said that MCC projects, which were facing uncertainty after the MCC had notified the Nepal government that payments related to activities funded under the Nepal Compact were halted in February and after Trump administration decided to shut down Millennium Challenge Corporation (MCC) in April,  will continue in case of Nepal, “The US government review of foreign assistance has recommended to continue implementation of the Millennium Challenge Corporation Nepal Compact, and we have notified the Government of Nepal of this decision,” the US embassy in Kathmandu said. “The $500 million MCC Compact, along with the Government of Nepal’s additional $197 million contribution, supports prosperity and regional energy security by building electricity transmission infrastructure and improving the road network.”