Strategic Approach To Foreign Aid

The recent suspension of the Millennium Challenge Corporation (MCC) project, alongside the temporary halt of USAID-funded initiatives in Nepal, has raised concerns about the country’s development trajectory. The Ministry of Finance confirmed that Nepal received an official communication regarding the MCC project delay on 2nd Falgun 2081, despite its initial agreement being signed on 29th Bhadra 2074. Additionally, the U.S. government’s request for a 90-day suspension of USAID projects and the cancellation of six different USAID-funded initiatives reflect the shifting nature of foreign assistance and its implications for Nepal.