Wednesday, 10 March 2010

NEPAL: Remittance growth may see decline

(Source: The Kathmandu Post)trackingKATHMANDU, March 8 -- Nepal is unlikely to see the robust growth from remittances in the near future. This has been revealed by the International Monetary Fund (IMF)'s Consultation Mission on Sunday. The IMF's Mission has also suggested the government to make policy changes in view of slowdown in remittances. "The remittance growth is expected to slow down and the economy will need to adapt," states IMF's Mission's report on 'Remittances in Nepal and South Asia'. "The government should focus on policies for domestic growth," said Laura Papi, Mission chief. "It should give more attention to structural issues like power, labour relation and infrastructure." Read more

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