Is MCC good for Nepal ? What is the benifits of MCC ?

What is MCC ?

The Millennium Challenge Corporation (MCC) is an innovative and independent U.S. foreign assistance agency that is helping lead the fight against global poverty.

Created by the U.S. Congress in January 2004 with strong bipartisan support, MCC has changed the conversation on how best to deliver smart U.S. foreign assistance by focusing on good policies, country ownership, and results. MCC provides time-limited grants promoting economic growth, reducing poverty, and strengthening institutions. These investments not only support stability and prosperity in partner countries but also enhance American interests. With cost-effective projects, a lean staff, and an evidence-based approach, MCC is a good investment for the American people.

MCC is a prime example of smart U.S. Government assistance in action, benefiting both developing countries and the American taxpayers through: Competitive selection: MCC's Board examines a country's performance on 20 independent and transparent policy indicators and selects countries based on policy performance.

MCC’s investments Areas:

• Create jobs and expand markets
• Build a more stable world
• Promote growth through infrastructure
• Invest in the next generation
• Incentivize policy and institutional reform
• Empower women and girls
• Increase the capacity of partner governments
• Give entrepreneurs tools to succeed
• Lay the groundwork for healthy communities

Is MCC good  for Nepal ? 

The MCC compact is a continuation of our long partnership. The compact will benefit nearly 23 million Nepalis and create high-quality jobs for Nepalis as we extend Nepal's power grid and lower the cost of road transportation.