The Millennium Challenge Corporation (MCC) in Washington DC, yesterday announced that Nepal has been selected as eligible to develop a Threshold Programme due to recent landmark agreements on the Comprehensive Peace Accord.
“We welcome the MCC’s decision, which recognises the progress that Nepal has made to advance peace and increase prosperity for its people. We look forward to Nepal’s leadership in working with MCC and the Embassy in designing a threshold programme that will continue to advance the government’s efforts to create a democratic state focused on meeting the needs of the citizens of Nepal,” said the MCC that is an independent US foreign aid agency helping in leading the fight against global poverty.
Created by Congress in 2004, MCC looks at new ways to deliver smart US foreign assistance by forming partnerships with countries committed to good governance, economic freedom, and investments in their citizens. Qualifying for MCC assistance is a competitive process in which a country’s performance on 17 different policy indicators is carefully assessed. MCC grants complement other US and international development programmes.
“We are delighted that the MCC determined Nepal’s performance in these policy areas merited recognition with eligibility for a Threshold Programme,” according to the US embassy in Kathmandu.