CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

MCC deal will be endorsed by winter session of parliament: Foreign Affairs Minister

CEO TAB by CEO TAB
December 26, 2019
in Prime News
0
MCC deal will be endorsed by winter session of parliament: Foreign Affairs Minister
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu December 26: Minister for Foreign Affairs Pradeep Kumar Gyawali has said the current winter session of the parliament shall endorse the Millennium Challenge Corporation (MCC) grant assistance agreement with the US government as it is an agreement related to the economic development of Nepal.

You might also like

Finance Minister Announces ‘Response Desk’ to Address Private Sector Concerns

Banks Burdened by Rising Bad Loans as Unsold Collateral Tops Rs 46.8 Billion

Paddy Plantation Reaches 85.72% Across Nepal as Monsoon Boosts Cultivation

Clarifying about the MCC agreement in the National Assembly, National Concerns and Coordination Committee meeting today, he said the then government led by the Nepali Congress had reached the agreement and as the government is an institution with unbroken inheritance rights there was no alternative to passing it even to enhance the credibility of the country’s image in the international sector. Minister Gyawali also expressed the belief that the MCC would be passed by the parliament as all the national parties have no differences regarding it.

A debate had started on this issue after questions were raised in the latest meeting of the ruling Nepal Communist Party (NCP) standing committee that the MCC agreement should not be endorsed if it was linked to the Asia Pacific Strategy. Stating that the incumbent government was alert and serious regarding issues of national interest and concern, he said, “Doubts have been cast (regarding the MCC) as the saying goes ‘once bitten, twice shy’, and nothing would be done in the agreement that will be against the national interests.

This is an agreement related to assistance by the American government in projects for the infrastructure development. Several conditions of the agreement are the topics which have to be considered at the time of its signing, they will not be changed now.” The Minister for Foreign Affairs believed that the United States of America providing this assistance following the successful peace process and achievement of political stability in Nepal would give the country the benefit of positive message worth billions of rupees.

According to him, an independent and professional body has been set up in Nepal for the implementation of the MCC assistance and Nepal’s authorized entity could audit its account. A project worth 64 billion, including around 55 billion US assistance and the remaining Nepal’s investment, has been pursued with the objective of developing the physical infrastructure and expanding connectivity for eliminating poverty and backwardness in the Asia Pacific Region.

Under this project, a 400 kV electricity transmission line would be constructed from Nanglebhare of Kathmandu to Butwal via Ratmate of Nuwakot and Tanahu. Some road networks of strategic importance would also be expanded and repaired as part of this project. “MCC and IPS are different things. It is not necessary to relate them together. Development is the nation’s need. Doubts are cast when big development programs are implemented here. Unwarranted debate creates doubts and confusions. Many issues are debated without properly understanding them.

This kind of trend should be put to an end for prosperity and development,” the Minister for Foreign Affairs said. In the meeting, committee president Dil Kumari Rawal (Thapa) opined that it has become easier for the lawmakers to understand about the MCC as the government has clarified on the issue now. Committee member Badri Prasad Pandey stressed that a country like Nepal should utilize the MCC assistance as America has agreed to it after developing countries struggled for it.

He wondered why this brouhaha when almost all parties in the country seemed agreed on MCC. Pandey urged the government to establish that Nepal was not in the fold of any world power and it maintains equal relations with all. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Finance Minister Announces ‘Response Desk’ to Address Private Sector Concerns

by CEO Tab
July 29, 2026
0
Finance Minister Announces ‘Response Desk’ to Address Private Sector Concerns

Finance Minister Dr. Swarnim Wagle has announced that the Ministry of Finance will establish a dedicated ‘Response Desk’ to promptly address the concerns of industrialists and business leaders,...

Read more

Banks Burdened by Rising Bad Loans as Unsold Collateral Tops Rs 46.8 Billion

by CEO Tab
July 29, 2026
0
Banks Burdened by Rising Bad Loans as Unsold Collateral Tops Rs 46.8 Billion

Nepal's commercial banks are facing mounting pressure from rising bad loans as borrowers struggle to repay debt and auctioned collateral remains unsold amid a prolonged economic slowdown. According...

Read more

Paddy Plantation Reaches 85.72% Across Nepal as Monsoon Boosts Cultivation

by CEO Tab
July 29, 2026
0
Paddy Plantation Reaches 85.72% Across Nepal as Monsoon Boosts Cultivation

Paddy plantation across Nepal has reached 85.72 percent of the targeted cultivation area following the full activation of the monsoon, according to the Department of Agriculture (DoA). The...

Read more

Nepal Issues Survey Permits for 99 Hydropower Projects in FY 2025/26

by CEO Tab
July 29, 2026
0
Nepal Issues Survey Permits for 99 Hydropower Projects in FY 2025/26

The Department of Electricity Development (DoED) issued survey permits to 99 hydropower projects with a combined installed capacity of 3,211 MW during fiscal year (FY) 2025/26, reflecting continued...

Read more

Nepal Meets Peak Electricity Demand Without Imports, Continues Power Exports

by CEO Tab
July 27, 2026
0
Nepal Meets Peak Electricity Demand Without Imports, Continues Power Exports

Nepal's total electricity demand has reached 73,629 megawatt-hours (MWh), with the country currently meeting domestic requirements without importing power from India, according to the Nepal Electricity Authority (NEA)....

Read more
Next Post
TVS Motor launches  NTORQ 125 Race Edition

TVS Motor launches NTORQ 125 Race Edition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.