The United States has decided to close the Millennium Challenge Corporation (MCC) grant-aid project. According to the decision of the Department of Government Efficiency (DOGE) led by American billionaire Elon Musk, this grant support, which is being given for the economic development of developing countries, will be stopped.

Reuters reports that MCC employees were notified by email of the closure on Tuesday. Employees are likely to be placed on administrative leave from May 5.

The decision to close MCC, which was established by former President George W. Bush in 2004, is part of the Trump administration's cost-cutting policy. If the MCC project is closed, the work under the project in Nepal will also be stopped. According to recordings of staff meetings and emails obtained by

Reuters, all MCC programs will be closed and staff will be reduced . MCC senior officer Kyeh Kim said in the meeting, "Foreign aid is not a priority of this administration, so the work of MCC should be stopped."

According to her, officials from the Department of Government Efficiency reached the office of MCC last week and started discussions with the leadership. MCC has yet to respond to Reuters' comments.

The Trump administration has already dismantled the USAID, which distributes about $40 billion in annual aid. MCC has been investing in infrastructure such as electricity supply and road construction in partnership with developing countries.

The organization operated on a budget of about 900 million dollars annually . According to an employee of MCC, all works have been stopped except for some construction projects. Active projects include sewage treatment plants in Mongolia, power transmission projects in Senegal and Nepal, and school construction projects in Ivory Coast.

"This cooperation program is a development method focused on infrastructure according to American interests," said the employee on condition of anonymity. Similarly, about 300 MCC employees have been given the option of voluntary retirement or deferred resignation till April 29. According to which they will get salary till September . Otherwise they will be put on administrative leave .