•      Sun May 19 2024
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CPN (US) to treat MCC merely as financial aid project



FILE PHOTO: Chairman of CPN (Unified Socialist) Madhav Kumar Nepal and leaders in party office. (Photo: ET)

The CPN (Unified Socialist) has, in regard with the Millennium Challenge Corporation (MCC) compact, decided to make its presence at the House of Representatives with an explanatory proposal in order to bring MCC projects under jurisdictions of Nepal’s Constitution and law.

A meeting of the party’s Standing Committee held today decided that the Project should not be considered as the ‘US military strategy’ and it should be purely implemented as the economic aid package for the country.

The meeting was presided over by party Chairman Madhav Kumar Nepal.

According to party deputy general secretary and publicity department chief Jagannath Khatiwada, the descriptive note incorporates several decisions in favour of nationality.

However, some party leaders have expressed their reservations to some of the MCC provisions.