US foreign aid agency Millennium Challenge Corp. (MCC) is optimistic about increased funding for the Philippines as the country is now on the right pathway forward.
KATHMANDU, Sept 29: Alice P. Albright, the Chief Executive Officer (CEO) of the American project Millennium Challenge Corporation (MCC), is set to arrive in Kathmandu on Sunday for a five-day visit. This visit is taking place six years after the signing of the agreement between the United States of America and the Government of Nepal, with the implementation phase having commenced on August 29, 2022.
The Millennium Challenge Corporation Compact that came into force on August 30 currently faces a land acquisition bottleneck as well as potential cost overruns.
The Millennium Challenge Corporation (MCC) took center stage at today’s U.S.-Africa Business Forum as the United States, Benin, and Niger governments signed the first-ever MCC regional program the $504 million Benin-Niger Regional Transport Compact .