⚡MCC's First Amendment
Notice of First Amendment to Compact With the Federal Democratic Republic of Nepal
Summary
In accordance with the Millennium Challenge Act of 2003, as amended, the Millennium Challenge Corporation is publishing a summary, justification, and full text of the proposed First Amendment to Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation, and the Federal Democratic Republic of Nepal. Representatives of the United States Government and the Government of the Federal Democratic Republic of Nepal plan to conclude the Amendment in January 2025.
Agencies
- Millennium Challenge Corporation
Business Impact
$$ - Med
The notice details the Millennium Challenge Corporation's amendment providing an additional $50 million for infrastructure projects in Nepal, which could open business opportunities for companies involved in energy and construction sectors. This infrastructure development project aims to enhance electricity reliability and increase trade, indicative of economic growth that businesses can leverage.