MCC Board “received and updated” status of MCC Nepal Compact

KATHMANDU: The Millennium Challenge Corporation’s (MCC) Board of Directors “received an update and discussed the progress to date” of the $500 million MCC-Nepal Compact.

The Board of Directors, at a meeting held on December 15 in Washington, made note of the commitment by the Government of Nepal to seek to ratify the compact in the near term, it said.