United Nations
Information Centre | Nepal
Nepal Development Update Remittances at Risk
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During 2015, and in the span of six-months, Nepal was hit by two major shocks. The first one was the April 2015 earthquakes that caused a huge loss of life and assets. The second shock has come in the form of a near complete disruption of external trade following the adoption of the new Constitution.
Shortages of goods have pushed up prices with inflation inching into double digit territory affecting welfare with significant impact on the poor in Nepal, particularly in urban areas. Fuel related slowdown in economic activity together with the increase in transportation prices hurt casual wage workers that derive a bulk of their livelihoods from wages. Income from wages accounts for anywhere between 30-50 percent of the total income of urban Nepalis who are poor or vulnerable to falling into poverty.
#WB #RemittancesAtRisk #2016
Publisher:
WB ,   (2016 )
Type / Script:
Official Document in English
Keywords:
MIGRANT WORKERS, SAVINGS, FOREIGN RESERVES, MONEY SUPPLY, GROWTH, TRADE DISRUPTION, IMPORT, EXPORT, EARTHQUAKE, SUPPLY DISRUPTION, TRADE, MIGRANT WORKERS, INFLATION, TRADE NORMALIZATION, GOVERNMENT
Thematic Group:
 UN : International Peace and Security
Thesaurus:
02.11.00  -  Banking And Investment
Reference Link:
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