The Millennium Challenge Corporation (MCC) is an ambitious American initiative that was established internationally with the purpose of infrastructure development in the least developed nations, but they secretly described it as a vital part of the American Indo-Pacific strategy. Nepal would have to depend on China for financial support for growth and cut itself off from the rest of the world if the MCC was not approved by the parliament. In Nepal, China wants to avoid external influence. China has always wanted to have its influence in Nepal by indicating its security interests. China was against the MCC and the reason for wanting the Nepalese parliament not to approve the MCC project was that the US could not do any conspiracy against itself through the MCC. But they signed the MCC agreement in 2017 and it is now up to the federal parliament of Nepal to ratify it. The main purpose of this article is to discover why MCC is more suitable for sustainable development in Nepal.
Published Date: 2022-09-06; Received Date: 2022-08-04