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Kathmandu, Nepal, March 1, 2022: The representative umbrella organizations of the private sectors have welcomed the ratification of the US-funded Millennium Challenge Corporation (MCC) compact agreement through parliament.

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Confederation of Nepalese Industries (CNI), have welcomed the ratification of the MCC. 
 
Issuing a press release on Monday, both the representative umbrella organization of the private sectors have said that strengthen bilateral ties with the US along with construction of the decision would help for the development of the nation.