DevelopmentEconomyFinanceLaborNepalOverseas WorkersResearch & Innovation

Nepal’s Economic Fragility and Dependence on Fuel and Remittances

Nepal's economy shows vulnerability due to heavy reliance on imported fossil fuels and remittances from workers abroad, highlighting challenges ahead.Nepal’s economic resilience is significantly challenged by its heavy dependence on imported fossil fuels and the inflow of remittances from Nepalese working overseas. This economic model, described as a form of 'borrowed resilience,' underscores both the country’s fragility and its reliance...