The Millennium Challenge Account Nepal (MCA-Nepal) is a Government of Nepal (GoN) agency, formed under the Development Board Act 2013 BS (1956 AD) in order to manage a USD 697 million infrastructure program. The program is co-funded by the US Government’s Millennium Challenge Corporation (MCC) Compact grant of USD 500 million and the GoN’s contribution of USD 197 million. The program aims to increase the availability and reliability of electricity, maintain road quality and facilitate power trade between Nepal and the region to help spur investments and accelerate economic growth. The Electricity Transmission Project, a national pride project, and the Road Maintenance Project are two projects under the program.
MCA-Nepal: Formation Order
After several years of preparation Nepal and the MCC signed the Nepal Compact agreement on 14 September 2017. The agreement was signed by the then Minister of Finance Gyanendra Bahadur Karki and MCC’s Acting CEO Jonathan Nash at the U.S. State Department in Washington, D.C. The MCC Nepal Compact is expected to attract investment, accelerate economic growth and reduce poverty by increasing the availability and quality of electricity and lowering transportation costs. The two projects – Electricity Transmission and Road Maintenance – are priorities identified through extensive consultation with members of Nepali civil society, private sector and numerous other stakeholders. The MCC is not just another bilateral grant – Nepal had to qualify and compete with other countries to be eligible and eventually selected for the MCC Compact after successfully meeting MCC’s conditions on good governance, economic freedom, and investing in citizens, and the associated indicators. The MCC Nepal Compact projects are being led and implemented by Nepalis, including the 60+ employees of Millennium Challenge Account Nepal (MCA-Nepal).
Read About MCC Nepal Compact Agreement (English)
This booklet contains factual information about the MCC Nepal Compact and its projects as per the agreement between the Government of Nepal and US Government’s Millennium Challenge Corporation.
एमसीसी नेपाल कम्प्याक्ट सम्बन्धित जानकारी
This flyer contains factual information to clarify the misconceptions about the MCC Nepal Compact disseminated through various social media channels.
एमसीसी सम्झौता : भ्रम र यथार्थ
This brochure addresses frequently asked questions about the MCC Nepal Compact in a concise and precise style.
FAQs on MCC Nepal Compact
