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ECONOMY

Fate of MCC-funded projects hangs in balance as US suspends funding

The latest communication from the US government confirming that the funding pause applies to MCC-funded projects has raised concerns not only about the delays but also about the projects' successful completion.
By KOSH RAJ KOIRALA

KATHMANDU, Feb 19: The temporary suspension of US funding has cast uncertainty over the successful implementation of projects under the Millennium Challenge Corporation (MCC) Compact in Nepal. The latest communication from the US government confirming that the funding pause applies to MCC-funded projects has raised concerns not only about the delays but also about the projects' successful completion.

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