The US Government’s Millennium Challenge Corporation (MCC) has selected Nepal  to develop a 'threshold programme'.

The quarterly meeting of MCC Board of Directors on Sunday selected Nepal citing the recent landmark agreement on the Comprehensive Peace Accord, according to a press statement issued by US Embassy on Monday.

The embassy said the MCC’s decision recognises the progress that Nepal has made to advance peace and increase prosperity for its people.

“We look forward to the government’s leadership in working with MCC and the Embassy in designing a threshold programme that will continue to advance the government’s efforts to create a democratic state focused on meeting the needs of the citizens of Nepal.” says the Embassy in a press statement.

Similarly, the Board also selected Honduras as eligible for new Threshold Programs citing recent steps taken by the government of Honduras (GOH) to address corruption through improved fiscal transparency.

MCC is an independent U.S. foreign aid agency that is helping lead the fight against global poverty.

MMC is created by the US Congress in 2004 and it looks at new ways to deliver smart US foreign assistance by forming partnerships with countries committed to good governance, economic freedom, and investments in their citizens. nepalnews.com