Kathmandu – With over 2 million Nepalese living abroad, Nepal relies heavily on their remittances. For instance, in 2023, Nepal received around USD 11 billion in remittances, which accounted for more than 26 per cent of the country’s gross domestic product,…

Nepal ranks as one of the world’s highest remittance-receiving country, according to the World Bank, with remittance inflows playing a vital role in sustaining household expenses. The ‘Nepal Development Update: International Migration and its Impact on Nepal’, published Wednesday, highlights…