July 3, 2022, Sunday
Nepal 1:37:26 pm

Sumar optimistic about Nepal endorsing MCC

The Nepal Weekly
September 14, 2021

Vice President of Millennium Challenge Corporation (MCC) Fatima Sumar, left for the USA on Sunday wrapping up her four day visit to Nepal.

Sumar had arrived in Kathmandu on Thursday to understand the latest status of the project as the 500 million dollar grant project has not yet been approved by Nepal’s Parliament.

During her four-day visit, she called on Prime Minister Sher Bahadur Deuba and top leaders of major political parties. A team from the USA led by Sumar had sought the support from Nepali politicians to endorse the MCC Compact which pledges to provide 500 million US dollar grant assistance to Nepal to help develop electric transmission lines and road projects.

During a press meeting on conclusion of her visit Sumar said she was optimistic about Nepal government endorsing the MCC agreement. “The grant assistance will serve as foundation for the development of roads and transmission lines in Nepal,” remarked Sumar. MCC grant will be important for Nepal’s economic development at a time when the country’s economy is hit by covid – 19, she said. “Delay in endorsing the Pact will obviously slow down Nepal’s development,” she pointed out. We have furnished written reply to the questions provided by Nepal government relating to MCC, she added. “I have personally met leaders of various political parties, government officials, Lawmakers and civil society leaders and tried to clear doubts surrounding MCC,” she said.

The MCC Pact is required to be endorsed by the Nepalese Parliament before it is implemented. However, there is no consensus among the members of the ruling party alliances regarding the matter. The debate on MCC can be seen not only among the ruling and opposition political parties, but also in the streets and social media sites. Nepal’s political parties are divided on whether to endorse the MCC or not.

MCC Vice chairperson Sumar had also met CPN-Maoist Centre chairman Pushpakamal Dahal Prachanda, CPN-UML chairman K.P. Sharma Oli, CPN-Unified Socialist chairman Madhav Kumar Nepal, Finance Minister Janardan Sharma and Energy Minister Pampha Bhushal among others before leaving Kathmandu on Sunday.