MCC ratification will bring more jobs for Nepal, reliable supply of electricity, and lower transportation costs: America

America has said that ratification of the Millennium Challenge Corporation (MCC) Compact by the House on Sunday will bring more jobs for the Nepali people, a reliable supply of electricity, and lower transportation costs.

Issuing a statement after the ratification Sunday night the American Embassy in Nepal claimed that MCC compacts have helped alleviate poverty around the world by forming partnerships with developing countries who are committed to economic freedom, investing in their citizens, and good governance, including promoting democratic principles and combatting corruption in the nearly 20 years since its inception.