Kathmandu, March 12 -- In a major blow to Nepal's development efforts, as many as 34 USAID projects worth Rs46.12 billion ($329,429,516) have been permanently terminated, according to multiple media reports coming from the United States.

Out of this amount, $174,255,867 has been confirmed as the original bill of lading to the USAID headquarters.

Not only have projects and programmes under USAID been affected but the reimbursement and procurement process for another $500 million under the Millennium Challenge Corporation Nepal Compact has also been hit.

The MCC is contributing $500 million, while the government of Nepal is providing $197 million to implement two projects in Nepal with a timeline of three-and-a-half years.

There has bee...