Parliament finally ratifies the MCC Compact NEPAL, NEWS 2022
After years of delay, Parliament finally ratifies the MCC Compact. One of the most contentious agreements, the US grant, passes the House of Representatives after a coalition decides to pass it with an interpretation declaration. After years of delay, Parliament finally ratifies the MCC Compact. On Sunday, lawmakers in Kathmandu's federal parliament voted in favor of approving Washington's MCC Nepal Compact. After weeks of wrangling among political parties, Nepal's Parliament ratified the Millennium Challenge Corporation Nepal Compact on Sunday. Deliberations began on Sunday afternoon, after the Communist Party of Nepal (Maoist Centre), the Communist Party of Nepal (Unified Socialist), and the Janata Samajbadi Party (JSP), the Sher Bahadur Deuba government's three partners, agreed earlier in the day to vote in favor of the compact with a "interpretative declaration." With the ratification of the agreement, which had been in Parliament since July 2019, Pr...