MCC Compact Tabled in Parliament- MCC News Today- MCC passed countries

MCC compact tabled in parliament on Sunday. The Millennium Challenge Corporation-Nepal Compact is tabled in Parliament after an agreement among the ruling coalition of Government.

MCC Compact Tabled in Parliament

Gyanendra Bahadur Karki, Minister for Communication and Information Technology on behalf of Finance Minister Janardan Sharma has MCC compact tabled in parliament the $500 million American grant agreement amid obstructions by the main opposition CPN-UML.

After the agreement in the ruling alliance on Sunday morning, the Business Advisory Committee agreed to include the MCC compact into the agenda of the lower house.

But the representatives of the ruling Communist Party of Nepal (Maoist Centre) in the Business Advisory Committee had expressed their reservations about tabling the MCC compact at the parliament.

Minister Karki said that this grant agreement will provide benefits to develop Nepal.

The $500 million grant agreement was signed in September 2017 for building electricity transmission lines and improving roads in Nepal. This grant was registered in Parliament in July 2019 for ratification. After a long time, the MCC compact was tabled in parliament for a process of voting.

MCC News Today -MCC Compact Tabled in Parliament

The current MCC News Today is that highly possibility is that it will be passed by parliament of Nepal. Because of all parties involved in Government are agreed to pass it from parliament as per reported by source. PM Deuwa is committed that it will confirm passed from parliament when he tabled it at parliament.

How many countries have MCC list

How many countries have MCC list ? It answer is 46 countries. MCC is in 46 countries in the world including Nepal till September 2017. Nepal is the only one country in South Asia that MCC will provide funds. Sri Lanka has already rejected the fund.

MCC passed countries

Do you want to know the MCC passed countries till now ? If yes, we share about it here under the below table;