MCC Approves Additional $50 Million Grant for Nepal

The Millennium Challenge Corporation (MCC) Board of Directors has approved an additional $50 million grant for the Nepal Compact. This brings the total Compact budget to $747 million. According to the U.S. Embassy, this decision highlights the strong partnership between the United States and Nepal.

The additional funding is aimed at advancing transformative infrastructure projects in Nepal, ultimately improving the quality of life for its citizens. The proposal will now be forwarded to the Government of Nepal for approval.

MCC has reaffirmed its commitment to supporting Nepal’s development priorities. Cameron Alford, Vice President of Compact Operations, stated, “This financial assistance will strengthen Nepal’s energy sector and contribute to long-term economic growth.”

MCC, an independent U.S. government development agency, was established to support countries with good governance, anti-corruption efforts, and respect for democratic rights. The agency provides time-bound grants for infrastructure development and policy reforms to drive sustainable progress.