Kathmandu, Nepal, March 8, 2022: Chinese state media has stated on Monday that the Millennium Challenge Corporation (MCC) Nepal compact, which was endorsed from the House of Representatives (HoR) of Nepal last month, undermines the country's sovereignty.
An editorial published in the state media outlet China Daily on Monday has stated that the benefits of the USD 500 million come with risks in Nepal. MCC pact was endorsed from the HoR along with 12 points interpretative declaration.
The state-owned English language newspaper has also stated that the ‘war in Ukraine may have distracted public attention,’ from the issue but this matter will have "far-reaching consequences, not just for Nepal, but for Nepal's neighbors as well. Nepal had also voted in favor of the Ukraine through the resolutions passed by the United Nations (UN).
It took more than four years for the Nepali parliament to ratify it, and many people in Nepal have been protesting it for good reason, the Chinese state media has stated adding ‘they rightly believe the compact undermines their country's sovereignty.’
As neighboring China protested the MCC even concerning over the sovereignty of Nepal, the Ministry of Foreign Affairs had issued a statement on February 20 stating that the decision to accept development assistance is taken by Nepal in terms of our national interest and priority. The sovereign parliament of Nepal alone decides what development assistance is needed in the best interest of Nepal and Nepali people.
