Stories Tagged 'Remittance'
Migrants’ remittances, one of the largest and reliable sources of external funds for developing countries, have been soaring in recent years. Although they are second only to foreign direct investment (FDI) inflows with respect to scale, remittances amount to over three times the value of official development aid and eight times private capital. These flows have surged five-fold in the past 15 years. This upsurge as well as the potential for remittances to lower poverty and economic vulnerability, improve family welfare, and accelerate economic development has renewed academic and public policy interest on the issue.
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The country’s remittance income has finally made a recovery, recording a growth of 1.7 percent in the seventh month of the current fiscal year.
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Remittance can be channelled towards the creation of programmes for the economic empowerment of women
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The inflow of remittance dropped by 1.4 percent in the first four months of the current fiscal year, raising fears of the country facing shortage of foreign currencies in the coming days to finance imports.
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The inflow of remittance and foreign direct investment (FDI) surged during the first month of the current fiscal year, Nepal Rastra Bank (NRB) said.
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Kalpana Pokhrel is counting the days till Dashain to rebuild her house which was demolished by earthquake.
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