An interview regarding legal issues of MCC

Kathmandu: In September 2017, the U.S. Government’s Millennium Challenge Corporation (MCC) signed a $500 million compact with the Government of Nepal. The compact aims to maintain road quality, increase the availability and reliability of electricity, and facilitate cross-border electricity trade between Nepal and India—helping to spur investments, accelerate economic growth, and reduce poverty.

Nepal faces extensive economic development challenges caused by an inadequate supply of electricity and high transportation costs to move both goods and people. The MCC Nepal Compact marks a new chapter in the U.S.-Nepal Partnership and is designed to increase the availability of electricity and lower the cost of transportation in Nepal.

It will help support the Government of Nepal to better deliver critical services to its people, ease the movement of goods around the country, and open new opportunities for private investment—all to create sustainable development for the people of Nepal. Strengthening the reliability of key infrastructure will put the country’s economy on a firmer growth trajectory, advance stability, support regional security, and reduce poverty.

An additional $130 million contribution from the Government of Nepal in support of the compact—the largest up-front partner country contribution in MCC’s history—will enable even greater impact and benefits for the Nepali people.

Regarding the MCC compact Nepal, Chief Editor Janardan Bista has conducted an interview with independent lawyer Semanta Dahal on the legal issues.

Click on the link to listen to the full interview.