The US has halted the multi-million US Dollar Millennium Challenge Corporation (MCC) pact aiming to bolster the road and transmission capacity of the Himalayan nation, the Nepalese Finance Ministry announced.
Kathmandu [Nepal], February 28 (ANI): Nepal's House of Representatives on Sunday has ratified 500 million US Dollar grant assistance-Millennium Challenge Corporation (MCC) pact along with "interpretative declaration".
Kathmandu [Nepal], February 22 (ANI): Nepal Prime Minister Sher Bahadur Deuba late on Tuesday evening held discussions with opposition leader KP Sharma Oli as the deadline of MCC, a 500 Million USD grant assistance approaches near.
Kathmandu [Nepal], February 21 (ANI): At its party secretariat meeting, the Communist Party of Nepal-Unified Socialist (CPN-US) decided to vote against Millennium Challenge Corporation Pact tabled in the parliament.
Kathmandu [Nepal], February 21 (ANI): China's protracted lobbying efforts are aimed at blocking US Millennium Challenge Corporation (MCC) USD 500-million infrastructure grant project to Nepal.
Kathmandu [Nepal], February 19 (ANI): United States has clarified that Millennium Challenge Corporation (MCC) ratification is Nepal's sovereign decision, as the deadline to ratify the pact approaches.