A flash flood in the Lende river has damaged vital trade infrastructure at the Nepal-China border, disrupting the key Rasuwagadhi-Kerung trading route on the cusp of Nepal’s major festivals. Traders fear the losses may amount to billions of rupees, leading to price hikes on imported goods during the festive season. Lende is a tributary of...
Prime Minister KP Sharma Oli has announced that the Karnali Corridor will be developed as a trade route connecting Nepal with both China and India. Speaking at the inauguration of a bailey bridge over the Chuwakhola River in Kharpunath Rural Municipality, Humla, on Sunday, the Prime Minister emphasized that the corridor holds strategic importance not...
The Millennium Challenge Account-Nepal (MCA-Nepal) has welcomed the United States government’s decision to allow continued implementation of the MCC Nepal Compact under a previously granted exception to the recent freeze on foreign assistance. The decision clears the way for MCA-Nepal to proceed with its key infrastructure projects, including the construction of a 297-kilometre electricity transmission...
In a turbulent world where a polycrisis looms—from Ukraine to Iran—hot conflicts remain unresolved through diplomacy, and the developed world shows fractures, as seen in the recent G7 summit in Canada, multilateral efforts are withering. A rare exception is European unity in the Ukraine conflict. Against this backdrop, cooperation in South Asia becomes especially noteworthy,...
Nepal Electricity Authority (NEA) has resumed the export of 40 MW of electricity to Bangladesh via India. Power from Nepal to Bangladesh was exported for the first time for 12 hours on July 15 last year. It resumed from June 15 this year. A power sale agreement had been signed between NEA, Bangladesh Power Development...
The future of the Millennium Challenge Corporation (MCC) hangs in the balance and there is no clarity on whether or how its Nepal operations will continue. Adding to this uncertainty, the MCC headquarters has proposed a significant budget cut for its global operations next year, which may affect projects in Nepal. In April last week,...
KATHMANDU, May 29: After Donald Trump was elected as the President of the United States, the US government halted the Millennium Challenge Corporation (MCC) grant assistance project. In response, the Nepal government has requested that the MCC project be continued. Following Trump’s election, the Department of Government Efficiency (DOGE), led by Elon Musk, unilaterally announced...
KATHMANDU: The Chinese company China CAMC Engineering Co. Ltd. (CAMCE), which constructed Pokhara Regional International Airport, has expressed surprise and concern over media coverage citing the Public Accounts Committee (PAC) report of Nepal’s Federal Parliament. In a public notice published in Gorkhapatra today, CAMCE claimed that the report contains numerous inaccuracies and lacks thorough investigation...
The United States has granted permission to move forward with certain programs under the Millennium Challenge Corporation (MCC) in Nepal. Issuing a statement on its website on Saturday, Millennium Challenge Account Nepal (MCA-Nepal) confirmed that the US has approved the advancement of specific programs under the MCC. Related storyPM Dahal joins MCC CEO Albright to...