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.

3 months ago
3 Articles