Mcc Agreement Nepal

As the Nepalese government did not ratify the agreement, the Ministry of Finance requested an extension of the ratification deadline. In particular, some fear that the MCC deal will bring Nepal into U.S. competition with China. The US Indo-Pacific Strategic Report of June 1, 2019 makes it very clear that China is a revisionist power and a threat, while Nepal maintains friendly relations with China. The Nepalese mentality was deeply shaken by the unofficial blockade of India in 2015. Kathmandu recognizes the importance of China-related roads and railways and thus puts the Belt and Road Initiative in a positive light. The signing of the Compact will take place on September 14, 2017 in Washington DC, between Nepal and MCC, in the State Department`s processing room. Finance Minister Gyanendra Bahadur Karki and MCC CEO Jonathan Nash chanted the Pact agreement. In accordance with the MCC agreement between the MCC and the Government of Nepal, the Pact will remain in force five years after its entry into force until its end. At the initiative of the Government of Nepal, an agreement on improving roads and energy infrastructure was signed with MCC, for which the United States agreed to provide $500 million in subsidies to the country. At the time the MCC pact was signed on September 14, 2017, the Nepali Congress (NC) government was in power and the maoist party of the time (which later merged with the Communist Party of Nepal (Unified Marxist-Leninist) and became the Communist Party of Nepal) was part of the coalition government. Prithvi Man Shrestha is a political journalist for the Kathmandu Post, which covers government issues such as corruption and irregularities in the government machine.

Before joining the Kathmandu Post in 2009, he worked for three years at nepalnews.com and Rising Nepal and focused mainly on political and economic affairs. However, it is not confirmed whether Nepal would be part of the US military alliance by simply ratifying the MCC, or whether it would oppose any third country. The pros and cons of MCC could have been discussed before the country accepted it. Most skepticism about MCC seems more realistic for domestic consumption. Nepal must show intelligence, talent and courage to judge whether the MCC is really in the interest of the nation or not. . . .