MCC faces major global budget cut, Nepal projects in doubt

MCC headquarters’ new budget proposal slashes overall funding from the current $930 million to $224 million for 2026.

The future of the Millennium Challenge Corporation (MCC) hangs in the balance and there is no clarity on whether or how its Nepal operations will continue. Adding to this uncertainty, the MCC headquarters has proposed a significant budget cut for its global operations next year, which may affect projects in Nepal.