Key updates on Nepalese migrant workers, remittances, and economic conditions.
In the past week, there have been no significant new developments reported regarding Nepalese migrant workers in Greece, although challenges and risks for these workers seeking employment were highlighted in a recent article. The Nepal Embassy in the UAE has issued warnings against illegal hundi transactions, emphasizing the importance of adhering to legal financial practices for citizens abroad.
Concerns have been raised about the potential impacts of the ongoing Iran-Israel conflict on Nepal’s foreign aid and remittances, which are crucial for the country’s economy. A joint report indicated that Nepal has experienced the highest surge in migrant worker outflow among Asian nations post-COVID-19, reflecting a growing trend of Nepalese seeking employment opportunities overseas.
Economic struggles within Nepal were underscored by widespread protests, while the World Bank has forecasted sustained growth for the country’s economy, bolstered by remittance inflows that have surpassed NPR 1.35 trillion in the first ten months of the fiscal year. Despite this, the country faces a liquidity paradox amid high remittance inflows, raising questions about the effective utilization of these funds for sustainable development.
Additionally, the Nepal Rastra Bank has approved a partnership aimed at enhancing digital financial services, which may aid in improving the remittance process for overseas workers. Overall, the dependency on remittances remains a critical aspect of Nepal’s economic stability, with ongoing discussions about strategic reforms to strengthen this sector.
Articles covered:
- No New Developments Reported on Nepalese Migrant Workers in Greece
- Concerns Raised Over Iran-Israel Conflict’s Impact on Nepal’s Foreign Aid and Remittances
- DHS Announces Nearly 65,000 Additional H-2B Visas for Fiscal Year 2025
- Sweden Raises Salary for Foreign Workers to Rs 2,25,000 in June 2024
- Explosive Protests Highlight Economic Struggles in Nepal
- Malta Reports Record Issuance of 28,000 Work Permits to Foreigners
- Nepal Records Highest Surge in Migrant Worker Outflow Among Asian Nations Post-COVID-19, Says Joint Report
- Understanding the Factors Behind Recent Unrest in Nepal
- North Macedonia as a Transit Point for Vulnerable Migrants Heading to Western Europe
- Challenges and Risks for Nepalese Migrant Workers Seeking Employment in Greece
- Massive Money Laundering Bust Uncovers Billion-Rupee Scam in Nepal
- World Bank Forecasts Sustained Growth for Nepal’s Economy
- Nepalese Families Confront Hunger Amid Decline in Remittances Due to COVID-19 Crisis
- Human Impact of Nepal’s Dependency on Remittances
- Nepal’s Foreign Exchange Reserves Reach USD 20.41 Billion
- Prabhu Group Faces Challenges Amid Partner Disputes, Nepali Remittance Impact Unclear
- Nepal’s Foreign Exchange Reserves Reach $20.41 Billion, Bolstered by Remittances
- Nepal’s Prabhu Group Entangled in Partnership Conflict Amid Remittance Sector Challenges
- Nepal Rastra Bank Approves Partnership Between LemFi and eSewa
- Nepal Rastra Bank Approves Partnership Between LemFi and eSewa to Enhance Digital Financial Services
- Nepal Embassy in UAE Cautions Against Illegal Hundi Transactions
- Nepal Embassy in UAE Advises Citizens Against Illegal Hundi Transactions
- Nepal Sees Remittance Inflows Surpass Rs 1.35 Trillion in First 10 Months of Fiscal Year
- Nepalese Remittance Inflows Surpass NPR 1.35 Trillion in First Ten Months of Fiscal Year
- Nepal Experiences Continued Growth in Remittances, Bolstering Economic Stability
- Nepal’s Remittance Inflows Reach Record High of Rs 1.723 Trillion, Up 19%
- Nepal’s Development Discussed Amid Remittance Flows from Overseas Workers
- Nepal Faces Liquidity Paradox Amidst High Remittance Inflows
- Nepal’s Gen Z Faces Financial Challenges in Wake of September 2025 Political Changes
- Nepal Eyes Strategic Reforms to Strengthen Remittance Economy
- Nepal Explores Path to Sustainable Prosperity Amid Remittance Challenges
- Nepal Records Over NPR 1,191 Billion in Remittances in First Nine Months
- Remittances from Nepali Workers Abroad Crucial for Nepal’s Economic Stability
