The Kathmandu Post reported on November 19 that the U.S. government has added an additional $50 million in grant aid to the U.S.-Nepal Millennium Challenge Corporation (MCC) program, continuing to promote the construction of Nepal's power grid, support long-term economic growth, and deepen U.S.-Nepal partnership. The U.S. Embassy in Nepal stated in a statement that this additional funding will bring the total investment by MCC in Nepal to $747 million, with the U.S. contributing $550 million and Nepal providing $197 million in matching funds. This additional funding aims to promote the development of transmission infrastructure, strengthen Nepal's power system, promote regional electricity trade, and further support international energy connectivity by improving grid reliability and market access. In addition, this agreement may also help expand the entry of U.S. companies and U.S. technology into the Nepali market, promoting U.S. advanced technologies and best practices in the field of energy infrastructure. Previously, after Trump returned to the White House in early 2025, he temporarily suspended and reviewed all foreign aid programs, causing strong concerns and anxieties in Nepal.
Original: www.toutiao.com/article/1849323961924608/
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