Kathmandu, Nepal, August 30, 2023: Vice President of the U.S. Millennium Challenge Corporation Compact Operations Department, Cameron Alford arrived here in Kathmandu on Tuesday evening.
Vice-President Cameron arrived here in Nepal visit on the occasion of MCC Entry into Force. According to the agreement, August 30 marks the commencement of the implementation of the five-year project.
Issuing a press statement, the U.S. Embassy in Kathmandu has said that the U.S. government was excited to know the progress of the MCC compact.
‘We are committed to collaborate with MCA-Nepal to ensure successful implementation of the compact. All concerned parties are working to attain the goals of the MCC compact on time’, the embassy has stated.
The $500 million MCC compact project, which is related to energy and road infrastructure development is supposed to spur economic growth and reduce poverty in Nepal, is going to be formally implemented from today onwards.