Question
Recently in the news, Millennium Challenge Corporation
(MCC) is an initiative of which of the following?Solution
Millennium Challenge Corporation (MCC) , created by the United States in 2004, offers large grants to support economic growth. Recently, Nepal’s Parliament has approved a USD 500m US grant, in spite of several street protests and opposition in the country. Nepal signed the US government’s MCC pact in 2017 to fund infrastructure projects.
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