U.S. to provide $500 million to Nepal for electricity and roadsStaff Writer | August 19, 2017
The United States has approved a $500 million assistance to Nepal under its Millennium Challenge Corporation (MCC) Compact program, the MCC board announced.
Asia Nepal is the first country to receive aid under the MCC
According to the MCC, Nepal is the first country to receive aid under the MCC compact program in South Asia.
The latest development came two weeks after Nepal's cabinet endorsed the ministry of finance's proposal to accept the grant assistance from the U.S. agency. ■