KATHMANDU, 13 September 2021 (TON): Vice President of MCC, Fatema Z. Sumar said that Nepal should not delay in ratifying the Millennium Challenge Corporation (MCC).

She added “the country needs to ratify it.”

By saying so, she made it a point to emphasize endorsing the MCC Compact without any delay for Nepal’s economic growth.

She told a press conference on Sunday before returning to the United States “I am optimistic that the political leaders of Nepal understood the urgency of the agreement.”

With ratification now more than two years past the agreed-upon timeline, there is no better time to act than now, Fatema said, adding that she has shared the message of urgency to political leaders and others during her meetings with them.

She said “why should Nepal wait to generate employment opportunities, and create jobs?”

“It’s high time Nepal ratified the Compact,” she told the conference, asking, “How long can we afford to wait to be endorsed?”

She, however, said that a ratification stalemate cannot continue indefinitely, and that the Government of Nepal must choose to go forward; or decide that this grant is no longer needed.