A delegation from the U.S. Government’s Millennium Challenge Corporation (MCC) met with Prime Minister Deuba and senior government officials of Nepal to discuss final provisions of a planned MCC grant assistance (compact).
At its quarterly meeting on December 13, 2016, the Millennium Challenge Corporation (MCC) Board of Directors selected Burkina Faso, Sri Lanka and Tunisia for new MCC compacts – five-year grants – to encourage economic growth and reduce poverty.
MCC's Board of Directors approved three countries as eligible to develop compact proposals, six countries to continue developing compact proposals and two countries to develop Threshold Programs. The Board also approved a Threshold Program with Guatemala.
At its quarterly meeting Dec. 10, the Millennium Challenge Corporation Board of Directors voted to make Nepal, Mongolia and the Philippines eligible for new compacts and approved Guatemala's Threshold Program.