Written by: Nishan Shrestha - 25008, Grade IX
Posted on: 21 March, 2022
MCC (Millenium Challenge Corporation) is a US Foreign aid agency in which the US invests for the development of under-developed countries. As Nepal is a country which depends upon other countries, financial help is very important for the sake of development. The contract of MCC in Nepal was signed in August 2017 in Washington, DC at the state department’s treaty room by Nepal's Finance Minister Mr. Gyanendra Bahadur Karki under the current prime minister Sher Bahadur Deuba and acting CEO of MCC Mr. Jonathan Nash. In the agreement it was confirmed that the US would provide 500 million US dollars for the development of Nepal. The main motive of MCC is to make the country developed. Though there are some disadvantages of MCC. China and Nepal’s relation will have a huge impact as China and the USA are “ enemies” from the past. In any case Nepal cannot go against MCC or US government.Conflict might rise up in the country which might lead to Civil war as people are not supporting MCC. So, is MCC beneficial for Nepal?
As there are ongoing conflicts in Nepal about MCC should not be passed in nepal so does this mean MCC is very bad for our country. It is the effect of social media, MCC is not that bad for Nepal. The MCC project can reduce the huge amount of poverty from Nepal as new job sectors will be established after the MCC project takes on. It will develop the infrastructure of the country. Nepal economic growth will increase. Electricity sector will be highly developed. So are the people saying MCC should not be passed true? They are not. The people saying MCC should not be passed do not have the knowledge about the benefits of MCC. Most people think that the government is selling Nepal to the USA. The USA will make Nepal its territory which is not true. They think like that because of the lack of information and social media circulating fake information. MCC will focus mainly on two projects: 1) Electricity Transmission project and 2) Road maintenance project. 300 kilometers of high voltage transmission will be constructed which will help Nepal financially as more electricity can be sold to other countries. Poor road maintenance in Nepal makes travel and transportation harder and expensive so, up to 305 kilometers of road will be periodically maintained and 100km east west highway will be upgraded so the rate of road transportation will be reduced. MCC will help the development of Nepal effectively. As Nepal is a poor country MCC is very needed for Nepal to develop. We Nepalese cannot always stay underdeveloped. We have to walk with the world in which we are lacking so MCC is a boost for our country so that we could run with the world. MCC has previously been ratified in Nepal
