Analysis

MCC’s uncertain future sparks debate on Nepal’s infrastructure ambitions and cost concerns

KATHMANDU: The U.S. Department of Government Efficiency (DoGE), led by billionaire entrepreneur Elon Musk, has signaled the potential termination of the Millennium Challenge Corporation (MCC), casting uncertainty over Nepal’s $500 million U.S.-funded infrastructure projects. The looming closure has sparked intense discussions about Nepal’s ability to independently sustain these initiatives,...

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