Thursday, 18 July, 2024

CPN (US) to treat MCC merely as financial aid project


Kathmandu, Feb 27: The CPN (Unified Socialist) has, in regard to the Millennium Challenge Corporation (MCC) compact, decided to make its presence at the House with an explanatory proposal in order to bring MCC projects under jurisdictions of Nepal’s Constitution and law.     

A meeting of the party’s Standing Committee held today decided that the Project should not be considered as the ‘US military strategy' and it should be purely implemented as the economic aid package for the country.    

The meeting was presided over by party Chair Madhav Kumar Nepal.    

According to party deputy general secretary and publicity department chief Jagannath Khatiwada, the descriptive note incorporates several decisions in favour of nationality.    

However, some party leaders have expressed their reservations about some of the MCC provisions.