“Failure to ratify MCC will have serious repercussions for Nepal”

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Date: 29 Nov 2021
Location: Pavilion Hall
Address: Kathmandu

KATHMANDU: At a time when a lot of hue and cry on the Millennium Challenge Corporation (MCC) has been made by a section of the political leaders, experts argue Nepal could see repercussions if it failed to ratify the Compact.

They were unanimous to say that fake and fallacious narratives and misinformation against MCC have to be countered.

The misinformation that the ratification of the MCC by the parliament meant joining the Indo-Pacific Strategy (IPS), they argued that the international community would see Nepal as incapable to handle grants.

Taking part in the “Khabarhub Debate” organized by Khabarhub in the capital Friday, they said that since there is no string attached to it, failure to ratify the Compact would create a negative opinion about Nepal internationally.

Political analyst Arun Kumar Subedi suggested Prime Minister Sher Bahadur Deuba table the Compact in the parliament and endorse it saying, “Without further delay, the parliament should endorse the MCC Compact by imposing development emergency in the country.”