A
delegation led by the Millennium Challenge Corporation (MCC) is in the country this
month to begin work with the government on identifying its constraints to
private investment and economic growth.
This is the first step in developing an MCC Threshold Programme, which is a grant programme designed to assist countries to become eligible for MCC compact assistance by focusing on targeted policy reforms to increase private investment and economic growth.
MCC is a US Government agency that works with developing countries that have a demonstrated commitment to good governance, economic freedom and investment in their citizens. MCC’s Board of Directors selected Nepal as eligible for the Threshold Programme in December 2011.
MCC’s Board of Directors meets each December to make eligibility determinations for MCC assistance; this includes reviewing the eligibility of countries developing Threshold Programmes. This December, MCC’s Board will consider Nepal’s performance on MCC’s eligibility indicators and its ongoing commitment to good economic and democratic governance.
This is the first step in developing an MCC Threshold Programme, which is a grant programme designed to assist countries to become eligible for MCC compact assistance by focusing on targeted policy reforms to increase private investment and economic growth.
MCC is a US Government agency that works with developing countries that have a demonstrated commitment to good governance, economic freedom and investment in their citizens. MCC’s Board of Directors selected Nepal as eligible for the Threshold Programme in December 2011.
MCC’s Board of Directors meets each December to make eligibility determinations for MCC assistance; this includes reviewing the eligibility of countries developing Threshold Programmes. This December, MCC’s Board will consider Nepal’s performance on MCC’s eligibility indicators and its ongoing commitment to good economic and democratic governance.
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