KATHMANDU: Standing Committee member of the ruling Nepal Communist Party (NCP) and Foreign Minister Pradeep Gyawali has said that the Millennium Challenge Corporation (MCC) should be ratified from the parliament.
Gyawali, who is also a member of the task force formed by NCP to study and suggest recommendation on MCC, has concluded that there has been exaggeration on the MCC.
He has presented his dissent views on the report of the task force saying that there was nothing wrong to endorse the MCC from the parliament.
It should be noted that Gyawali has been reiterating his stance of endorsing the MCC for the benefit of the country.
He has also reiterated that the MCC is not a part of the Indo-Pacific Strategy (IPS), as reported, claiming that this was nothing but an exaggeration.
The task force formed by the ruling NCP under the coordination of senior leader Jhalanath Khanal and Standing Committee member Bhim Rawal and Foreign Minister Pradeep Kumar Gyawali on Friday suggested amending 11 points of the Compact.
Gyawali has said exaggerated and misleading publicity that US military intervention will happen in the name of protecting the project, camps will be set up, the geopolitical conflict will be created, Nepal’s agreements with other neighboring countries will be disturbed and claim that the agreement is more ‘treasonous’ than any other agreement are intended making the relationship between the two countries bitter.
The MCC’s Nepal Compact is mainly designed to strengthening Nepal’s energy sector, improve regional energy connectivity, and control transportation costs to encourage growth and private investment. Nepal and the United States signed a $500 million compact to spur economic growth and reduce poverty in Nepal on September 14, 2017.
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