Govt ratifies MCC Compact

KATHMANDU, Feb 27: The government of Nepal on Sunday ratified the Millennium Challenge Corporation (MCC)-Nepal Compact.

A meeting of the House of Representatives (HoR) held on Sunday ratified the compact with a one-third majority.

Article 279 (2) of the Constitution of Nepal states that if any treaty or agreement is of an ordinary nature, which does not affect the nation extensively, seriously or in the long term, the ratification of, accession to, acceptance of, or approval of, such treaty or agreement may be made by a simple majority of the members present in a meeting of the House of Representatives.

With the ‘interpretative declaration,’ the ruling alliance reached an agreement to ratify the compact.