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US Expresses Concern Over Delay in Ratifying MCC Compact

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US Expresses Concern Over Delay in Ratifying MCC Compact
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November 1: The United States has expressed disappointment over the government’s decision to recommend the president to prorogue the current session of Parliament without ratifying the long-stalled Millennium Challenge Corporation (MCC) agreement.

Issuing a statement, the MCC head office located in Washington DC on October 28, the day the president prorogued the parliament session, expressed its disappointment over the delay in ratifying the grant agreement.

It states that the delay in ratifying the MCC has risked reliable access to provide energy and safe road access to more than 23 million Nepalis. The political leaders of the current coalition government have said they have taken note of the steps needed to approve the compact.

The statement also mentions the recent commitments and support from the government of Nepal which have paved the way for the agreement to move forward.

The government and the MCC signed a USD 500 million grant agreement in 2017 for the expansion of Nepal's energy infrastructure and construction of road infrastructure. However, due to differences among the political parties over the MCC compact, uncertainty lies if the MCC will be ratified. 

 

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