Last week, the American government decided to allow the Millennium Challenge Account Nepal Development Committee (MCA Nepal) to operate without interruption, according to the American Embassy in Nepal.
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It has been confirmed by the Ministry of Finance that the US Government's Millennium Challenge Corporation (MCC) program in Nepal has continued. The ministry gave this information through a notification on Monday.
"According to the letter of the American aid organization Millennium Challenge Corporation (MCC) dated February 22, 2081, the implementation of the compact concluded on August 29, 2074 between the Government of Nepal and the said body was suspended for review according to the executive order of the American President dated July 20, 2025," the letter of the Ministry of Finance said, "From the letter of MCC dated July 24, 2025, the information was received that the review work has been completed and the recommendation for the continuation of the Nepal Compact has been received. Stakeholders have been informed.
Last week, the US government decided to allow the Millennium Challenge Account Nepal Development Committee (MCA Nepal) to operate without interruption, according to the US Embassy in Nepal.
"The US government's foreign aid review has recommended the continuation of the implementation of the MCC Nepal agreement, we have informed the Nepal government about this decision," the US embassy said, "the MCC agreement worth $500 million and the additional $197 million contribution of the Nepal government to it will help in prosperity and regional energy promotion through the construction of electricity transmission infrastructure and improvement of the road network." is open .
The embassy has formally informed the government of Nepal about this decision. Ghanshyam Upadhyay, President and Finance Secretary of MCA Nepal, said that he received information from the American Embassy through an official letter regarding the promotion of MCA Nepal.
