Kathmandu, June 11 -- The future of the Millennium Challenge Corporation (MCC) hangs in the balance and there is no clarity on whether or how its Nepal operations will continue. Adding to this uncertainty, the MCC headquarters has proposed a significant budget cut for its global operations next year, which may affect projects in Nepal.

In April last week, after Elon Musk's Department of Government Efficiency (DOGE) decided to shut down MCC's global operations, there has been no official confirmation on whether its Nepal operations will continue or close. But Nepali officials remain hopeful that MCC projects in Nepal will get continuity.

Observers say the proposed budget cut could severely disrupt ongoing MCC projects in Nepal, which hav...