Nepal has recorded a significant inflow of remittances worth Rs 2120 billion during the past 11 months, highlighting the crucial role of overseas workers in the national economy.
According to recent reports, Nepal has received remittances totaling Rs 2120 billion in the last 11 months. This substantial inflow underscores the economic reliance of the country on its migrant workforce employed abroad. Remittances continue to be a vital source of foreign exchange and contribute significantly to Nepal’s economic development. Official figures emphasize the importance of safeguarding the welfare of Nepali overseas workers to maintain and potentially increase these financial flows. The government and related stakeholders are encouraged to continue supporting migrant labor policies and bilateral agreements to facilitate safe and productive overseas employment opportunities.
Sources referenced:
- https://news.google.com/rss/articles/CBMiUEFVX3lxTE1mc3hqU1BGb1FwNm5Vem5tY1JocXdqd0JXN0diSnJzdW1sblJZUHZEUTM1bVRfQjNUZ3c1dkRBczV2TjVlZExtRk11bzRFOXo3?oc=5