Harnessing Remittances for Productive Use in Nepal
Remittances contribute largely to the national economy. The remittances sent home by the migrants affect development at both the household and national levels. At the household level, remittances help to reduce poverty, improve standard of living and attain higher educational levels. At the macro level, remittances could be used for entrepreneurship and productive investment which in turn increases job opportunities and income of the people. At the same time, remittance inflows help to augment foreign exchange reserves and improve the current account position. This paper suggests that workable policies and programs need to be developed by Nepal's policy makers for encouraging the utilization of remittances for productive use in order to promote longer-term growth.
Volume (Year): 23 (2011)
Issue (Month): 1 (April)
|Contact details of provider:|| Web page: http://www.nrb.org.np/ecorev/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bhubanesh Pant Ph.D, 2008. "Mobilizing Remittances for Productive Use: A Policy-oriented Approach," NRB Working Paper 04/2008, Nepal Rastra Bank, Research Department.
When requesting a correction, please mention this item's handle: RePEc:nrb:journl:v:23:y:2011:i:1:p:1-20. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dr. Bishnu Prasad Gautam)
If references are entirely missing, you can add them using this form.