World Desk, AnyTV, Kathmandu
Published by: Kirtivardhan Mishra
Updated Sun, 27 Feb 2022 10:40 PM IST
Summary
Nepal and the US signed an MCC agreement in 2017, which aims to build power transmission lines in Nepal and improve infrastructure such as national highways.
Despite the opposition in Nepal, the proposal of American financial aid was accepted in the Parliament.
– Photo : Agency (File Photo)
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Expansion
Nepal’s parliament approved the controversial Millennium Corporation Program (MCC) costing $ 500 million (about Rs 3500 crore) after discussion. It is reported that Nepal’s ruling coalition reached a consensus on approving the US grant-in-aid, after which the US aid was accepted.
Nepal and the US signed an MCC agreement in 2017, which aims to build power transmission lines in Nepal and improve infrastructure such as national highways.
The US government had set a deadline of February 28 to get the approval of this mega project from Parliament. However, some political parties are opposing this agreement.
aCommunist parties were opposed to the approval proposal
It is worth noting that the government of Prime Minister Sher Bahadur Deuba had presented the approval motion in the Parliament. But two communist parties in the ruling coalition led by the Nepali Congress have made it clear that they will vote against it. He says the MCC agreement is part of an ongoing race between the US and China to increase their influence in the Asia-Pacific region. Nepal should stay away from this race.
Due to this stand of the Communist Party of Nepal (Maoist Center) and the Communist Party of Nepal (Unified Socialists), all the attention has been focused on the UML. Prime Minister Deuba has spoken to Oli several times in an attempt to get the support of the UML. Meanwhile, representatives of America and China have also spoken to him.