Economy
US SUSPESION OF GRANT: Impact On Nepal
The sudden suspension of grants from the US government has sent shockwaves through Nepal, which has been receiving support in various sectors for over seven decades. The immediate and long-term effects of this suspension will be felt most acutely in the country's health, education, and energy sectors. The halt in funding has already created crises in maternal and child health, immunization, secondary and higher secondary education, and energy projects. The suspension of the Millennium Challenge Corporation (MCC) has also stalled a major transmission line project in Nepal. While the suspension is currently set for three months, the Nepalese government is hopeful for the return of grant support. U.S.-funded projects, including those providing lifesaving care for tens of thousand of Nepal has already affected.
By Keshab Poudel Mar 10, 2025
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