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USA says Ratification of MCC means more Jobs

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USA says Ratification of MCC means more Jobs
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February 28: The United States of America (USA) has welcomed the ratification of the Millennium Challenge Corporation (MCC) Compact by the parliament.

A day after the House of Representatives (HoR) endorsed the US-funded project, American Ambassador to Nepal Randy Berry on Monday (February 28) took to Twitter to welcome the decision.

“The Government of Nepal’s ratification of its commitment to the $500 million Millennium Challenge Corporation (MCC) grant will mean more jobs for Nepali people and lower energy and transportation costs,” the US ambassador to Nepal tweeted.

Earlier on Sunday, the US Embassy in Nepal issued a statement saying that the decision whether to ratify the $500 million-dollar Millennium Challenge Corporation (MCC) Nepal Compact has always rested with the Government of Nepal as a sovereign democratic nation.

The US embassy further said that the MCC compacts, in the nearly 20 years since its inception,  have helped alleviate poverty around the world by forming partnerships with developing countries who are committed to economic freedom, investing in their citizens, and good governance, including promoting democratic principles and combatting corruption.

According to the statement, the Government of Nepal signed the MCC agreement in 2017 after determining its goals to modernize Nepal’s energy and transportation sectors with the hope of helping more than 23 million Nepalis. The Government of Nepal will now be able to continue to work towards implementing the five-year program, the statement added.

“This year marks the 75th year of diplomatic relations between Nepal and the United States. During these 75 years, Nepal has seen monumental and incredible changes. We have stood with Nepal through these changes and supported the country with development aid, disaster response and preparedness assistance, health, and education programs, and more.”

The US embassy further said that America’s relationship with Nepal is broader than one agreement and “we will continue to support the country and its democratic values and long-term economic prosperity”.

 

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