Trump considering to shut down MCC: Reports
Donald Trump administration is considering to shut down Millennium Challenger Corporation (MCC), multiple American media outlets have reported. This is likely to have a direct impact to Nepal which is implementing two projects under MCC: construction of transmission line and road upgrade.
According to CNN, Department of Government Efficiency led by Elon Musk has communicated to MCC about its plan to close down the projects.
On Tuesday, the agency’s employees were notified via email that “there will soon be a significant reduction” in staff and programs – just a week after DOGE arrived at MCC, according to a source familiar with the matter. The source added that employees could be placed on administrative leave as soon as May 5, CNN reports.
