Millennium Challenge Account-Nepal (MCA-Nepal) has welcomed the United States government's decision to allow continued ...

Nepali protesters opposing a proposed U.S. $500 million grant for Nepal clash with police outside the Parliament in Kathmandu, Nepal, Sunday, Feb. 27, 2022. Back in 2017, when Nepal formally ...

But Nepal's Parliament has not ratified the compact. Nepal's political parties are sharply divided over the issue of whether to accept the US' grant assistance under the MCC agreement.

Critics of the compact in Nepal see it has undermined Nepal's sovereignty, integrity and constitutional autonomy. Section 7.1 of the Compact reads, "The Parties understand that this Compact, ...

On October 7, Nepal’s private sector business associations issued a statement calling on the government to ratify the Millennium Challenge Corporation (MCC) Nepal Compact. “Timely completion ...

The Government of Nepal has committed to contribute an additional $130 million to support MCC's investment and the compact is expected to be singed by the governments in September, it said in the ...

The Compact's Nine Principles. The Global Compact asks firms to embrace, support and enact a set of core principles within their sphere of influence in the areas of labor standards, human rights and ...