Trump’s MCC funds freeze a setback for Nepal’s development aspirations
Three years ago, Kathmandu was caught in the crossfire of Washington-Beijing tensions over the Millennium Challenge Corporation (MCC), a multi-million American grant for Nepal. While the United States warned of reviewing its overall ties with Nepal should Kathmandu fail to ratify the MCC-Nepal Compact from Parliament, Beijing referred to the grant as a “Pandora’s box.” … Read more