MCC acknowledges Nepal’s decision to ratify MCC compact

Washington, DC: The Millennium Challenge Corporation (MCC) has acknowledged the Federal Parliament of Nepal’s decision to ratify the 500 million dollars compact between the MCC and the Government of Nepal on February 27.

Issuing a statement, the MCC said the decision to ratify the Nepal Compact had always rested with the Government of Nepal as a sovereign democratic nation.

The statement further said the United States’ relationship with Nepal is broader than one agreement, and we will continue to support the country, its democratic values, and its long-term economic prosperity.