$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12157',
'hit' => '1457'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20200630025521_mcc.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12157',
'hit' => '1457'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20200630025521_mcc.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12157',
'hit' => '1457'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20200630025521_mcc.jpg'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12157',
'hit' => '1457'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20200630025521_mcc.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2020-06-30 14:52:13'
$dateFromDatabase = (int) 1593508033
$newDate = 'Jun 30, 2020'
$articleView = array(
'article_id' => '12157',
'hit' => '1457'
)
$word_count = (int) 960
$time_to_read = (float) 4.8
$time_to_read_min = (float) 4
$time_to_read_second = (float) 48
include - APP/View/Articles/view.ctp, line 241
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant.
‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated.
With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament.
The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project.
Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement.
Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation.
According to a source at the Ministry of Finance,the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said.
Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process.
"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12157',
'hit' => '1457'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12157',
'hit' => '1457'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12157',
'hit' => '1457'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '12157',
'article_category_id' => '1',
'title' => 'Availability of MCC Grant Not Open-ended: United States',
'sub_title' => '',
'summary' => 'June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. ‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. According to a source at the Ministry of Finance, the decision to extend the deadline has not been finalised yet. "Some technical issues need to be resolved but the proposal to extend the deadline will be prepared soon," a senior official at the ministry said. Millennium Challenge Account (MCA) Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. "We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be done as soon as possible to enter the compact's implementation date and take the programme forward,” the statement said. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">June 30: After further delay in the parliamentary ratification of the MCC Compact, the US Embassy in Kathmandu said that the United States cannot wait Nepal for a long time to decide on the fate of the agreement. Issuing a press statement on Monday, the embassy it is up to Nepal to decide to accept or reject the USD 500 million Millennium Challenge Corporation (MCC) grant. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">‘The United States is aware that parliament has not yet ratified the MCC Compact. Ratification is the next step needed to proceed with the USD 500M grant, which the two countries signed in September 2017 and which Nepal committed to ratify by September 2019. Delaying ratification is delaying the benefits of more jobs and increased economic growth for nearly 23 million Nepalis. Accepting this grant is Nepal’s choice but the availability of the funding is not open-ended. Tangible, near-term steps in Nepal are necessary to ensure the continued viability of the programme,” the embassy stated. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">With the parliamentary approval, the implementation (entry into force) of MCC agreement should have been started from today. However, due to a sharp polarisation within the ruling Nepal Communist Party (NCP) over the issue, the agreement has not been sanctioned by the parliament. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The statement has mentioned parliamentary ratification as an important factor to take the grant process ahead and that concrete steps are needed in Nepal to ensure the continuity of the project. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Moreover, the US also reminded the involvement of past governments and major political parties in bringing the MCC agreement to Nepal. “</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">The government of Nepal and MCC have worked together continuously since 2012 under multiple governments, representing all major political parties, to develop the compact programme,” reads the statement. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">Finance Minister Dr Yuba Raj Khatiwada talked to US Ambassador to Nepal Randy Berry and MCC Resident Director for Nepal Troy Koforth last week in a bid to extend the deadline of MCC Compact implementation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">According to a source</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> at the Ministry of Finance,</span></span> <span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">the decision to extend the deadline has not been finalised yet. "Some techni</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">cal issues need to be resolved but the</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> proposal </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">to extend the deadline</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> will be prepared soon," a senior official at the ministry said. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">M</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">illennium </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">C</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">hallenge </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">A</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">ccount (MCA)</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> Nepal, which is implementing the projects under the agreement in Nepal, also issued a press release on Monday stating that the Nepal Compact implementation needs to be reconsidered due to the Covid-19 pandemic and delays in the parliamentary approval process. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">"We are facing a situation where the implementation of the compact cannot start on the pre-determined date. All other preconditions, including parliamentary approval, need to be </span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif"">done</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> as soon as possible to enter the compact's implementation date</span></span><span style="font-size:15.0pt"><span style="font-family:"Cambria","serif""> and take the programme forward,” the statement said. </span></span></span></span></p>
',
'published' => true,
'created' => '2020-06-30',
'modified' => '2020-06-30',
'keywords' => '',
'description' => '',
'sortorder' => '11904',
'image' => '20200630025521_mcc.jpg',
'article_date' => '2020-06-30 14:52:13',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => null,
'user_id' => '31'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '31',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'ssharma@newbusinessage.com',
'name' => null,
'email' => 'ssharma@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-05-18 17:22:36',
'last_login' => '2020-08-04 21:55:15',
'ip' => '202.51.88.118'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '12157',
'hit' => '1457'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117