MCC is not a loan but a grant, it will be passed: PM Deuba

KATHMANDU: NOV. 4 – Prime Minister Sher Bahadur Deuba has said that the US Assistance Millennium Challenge Corporation (MCC) will be passed by the parliament after completing the process. Talking to reporters at Tribhuvan International Airport this morning, he said that the MCC was not a loan but a grant and that it would be taken forward after completing the process.

Prime Minister Deuba has urged the MCC not to panic. Asked by reporters, Deuba said, “By consensus, we will pass the MCC. The parliamentary session has been closed for another reason. I have said that there is no need to panic.”