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MCC approves $50 million for Nepal to enhance electricity grid and spur economic growth.
The Millennium Challenge Corporation (MCC), a U.S. government agency, has approved an additional $50 million for Nepal's development compact, aimed at improving the country's electricity grid and boosting economic growth.
This funding underscores the commitment of both the MCC and Nepal to high-quality infrastructure projects that support long-term development.
Established in 2004, the MCC provides grants to countries with good governance and anti-corruption measures.
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MCC aprueba $50 millones para Nepal para mejorar la red eléctrica y estimular el crecimiento económico.