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Harnessing Remittances for Productive Use in Nepal

Author

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  • Bhubanesh Pant, Ph.D.

    (Nepal Rastra Bank)

Abstract

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.

Suggested Citation

  • Bhubanesh Pant, Ph.D., 2011. "Harnessing Remittances for Productive Use in Nepal," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 23(1), pages 1-1, April.
    • Handle: RePEc:nrb:journl:v:23:y:2011:i:1:p:1
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    References listed on IDEAS

    as
    1. Puri, Shivani. & Ritzema, Tineke., 1999. "Migrant worker remittances, micro-finance and the informal economy : prospects and issues," ILO Working Papers 993576093402676, International Labour Organization.
    2. repec:ilo:ilowps:357609 is not listed on IDEAS
    3. Bhubanesh Pant Ph.D, 2008. "Mobilizing Remittances for Productive Use: A Policy-oriented Approach," NRB Working Paper 04/2008, Nepal Rastra Bank, Research Department.
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    Cited by:

    1. Nephil Matangi Maskay & Sven Steinkamp & Frank Westermann, 2014. "On Remittances, Foreign Currency Exposure and Credit Constraints: Evidence from Nepal," CESifo Working Paper Series 5053, CESifo.
    2. Nephil Matangi Maskay, Ph.D. & Sven Steinkamp, Ph.D. & Frank Westermann, Ph.D., 2015. "The Impact of Remittances on Central Bank Balance Sheets and Inflation in Nepal," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 27(2), pages 1-18, October.
    3. Shankar Ghimire & Kul Prasad Kapri, 2020. "Does the Source of Remittance Matter? Differentiated Effects of Earned and Unearned Remittances on Agricultural Productivity," Economies, MDPI, vol. 8(1), pages 1-15, January.

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