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Meaning of MCC
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Meaning of MCC

The Americans play a pivotal role in Nepal’s geopolitical chessboard. For a country sandwiched between India and China, the US has over the decades given the landlocked Nepal an agency and option beyond its immediate neighbourhood. Most recently, this was evident during the 2015-16 Indian blockade when the American anti-blockade positioning helped Nepal spread the...

India’s economic boom and Nepal’s stagnation: A tale of two neighbors
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India’s economic boom and Nepal’s stagnation: A tale of two neighbors

India has surpassed Japan to become the world’s fourth-largest economy. It is also the fastest-growing major economy globally and the only South Asian nation projected to maintain over six percent annual growth. Earlier this month, the IMF’s World Economic Outlook confirmed that India remains the world’s fastest-growing economy, with its GDP now standing at $4.3trn....

Why the MCC’s Continuation is in the Interest of Nepal — and the US
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Why the MCC’s Continuation is in the Interest of Nepal — and the US

The Millennium Challenge Corporation (MCC), an American bilateral foreign aid agency, has been mired in controversy in Nepal since the get-go. It signed a $500 million compact with Nepal in September 2017. Proposed projects aimed to maintain road quality, increase the availability and reliability of electricity, and facilitate cross-border electricity trade between Nepal and India,...

Upending politics and geopolitics
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Upending politics and geopolitics

Top leaders of the Nepali Congress and the Communist Party of Nepal (UML) sat down last Tuesday to assess the country’s situation. Among others, they discussed the repercussions of former President Bidhya Devi Bhandari’s return to party politics. According to a newspaper report, NC leader Sher Bahadur Deuba told Prime Minister KP Oli that her return...

Agreement to promote trade and investment between Nepal and India
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Agreement to promote trade and investment between Nepal and India

With the aim of further strengthening the economic cooperation between Nepal and India, Nepal-India Chamber of Commerce and Industry (NICKI) and Federation of Indian Chamber of Commerce and Industry (FICCI) have reached an understanding to work jointly to promote mutual trade, investment and cross-border trade. According to the MoU signed by Nikkei Chairman Sunil KC...

China and Pakistan Mull a Beijing-led Alternative to SAARC
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China and Pakistan Mull a Beijing-led Alternative to SAARC

The China-India tussle for influence in South Asia can be expected to intensify should Pakistan and China’s plans for setting up a new regional organization materialize. According to a report in the Pakistani English daily, Express Tribune, the proposed regional grouping “could potentially replace the now-defunct South Asian Association for Regional Cooperation (SAARC).” According to...