Nepal awaits final word on MCC as shutdown looms

Nepali officials are still hopeful they can convince the Americans to resume MCC and other support.

Nepal is waiting for the resumption of financial assistance under the Millennium Challenge Corporation (MCC) after billionaire Elon Musk’s Department of Government Efficiency (DOGE) decided to shut down MCC’s global operations in April last week. The MCC had allocated US$500 million for two infrastructure-related projects in Nepal.