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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The finance ministry is ready to amend the agreement after the dispute at the political level is settled.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.</span></span></span></span></p>
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September 14: The government has not been able to present the Millennium Challenge Corporation (MCC) grant agreement for endorsement due to the demand for amending the agreement from various quarters including the ruling Nepal Communist Party.
As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.
According to sources at the Finance Ministry, they have not been able to hold any discussions with the donor agency concerned after the term of Yuba Raj Khatiwada as finance minister ended recently. Officials at the ministry say that the government needs to seek a political solution to the problem because the issue was raised at the political level.
The finance ministry is ready to amend the agreement after the dispute at the political level is settled.
The term of the project expired on June 30. Authorities have been trying to extend the project citing crisis created by coronavirus pandemic but to no avail.
Nepali Congress and other fringe parties have been demanding immediate endorsement of the MCC grant agreement but the ruling NCP has been long wrangling with the issue.
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to sources at the Finance Ministry, they have not been able to hold any discussions with the donor agency concerned after the term of Yuba Raj Khatiwada as finance minister ended recently. Officials at the ministry say that the government needs to seek a political solution to the problem because the issue was raised at the political level. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The finance ministry is ready to amend the agreement after the dispute at the political level is settled.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to sources at the Finance Ministry, they have not been able to hold any discussions with the donor agency concerned after the term of Yuba Raj Khatiwada as finance minister ended recently. Officials at the ministry say that the government needs to seek a political solution to the problem because the issue was raised at the political level. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The finance ministry is ready to amend the agreement after the dispute at the political level is settled.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The term of the project expired on June 30. Authorities have been trying to extend the project citing crisis created by coronavirus pandemic but to no avail.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepali Congress and other fringe parties have been demanding immediate endorsement of the MCC grant agreement but the ruling NCP has been long wrangling with the issue. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to sources at the Finance Ministry, they have not been able to hold any discussions with the donor agency concerned after the term of Yuba Raj Khatiwada as finance minister ended recently. Officials at the ministry say that the government needs to seek a political solution to the problem because the issue was raised at the political level. </span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">As per the agreement, the cross-border transmission line project funded by the US government should have been implemented within five years of signing the agreement. However, there are high chances of losing this project due to the inordinate delay in endorsing the MCC grant agreement.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The finance ministry is ready to amend the agreement after the dispute at the political level is settled.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to sources at the Finance Ministry, they have not been able to hold any discussions with the donor agency concerned after the term of Yuba Raj Khatiwada as finance minister ended recently. Officials at the ministry say that the government needs to seek a political solution to the problem because the issue was raised at the political level. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The finance ministry is ready to amend the agreement after the dispute at the political level is settled.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The term of the project expired on June 30. Authorities have been trying to extend the project citing crisis created by coronavirus pandemic but to no avail.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Nepali Congress and other fringe parties have been demanding immediate endorsement of the MCC grant agreement but the ruling NCP has been long wrangling with the issue. </span></span></span></span></p>
<p> </p>
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