Sunday, 5 December 2010

Nepal urges IOM to channel remittances towards development interests of LDCs

Ambassador Dr. Dinesh Bhattarai, Permanent Representative of Nepal to the United Nations and other International Organisations, on Tuesday described the migration as the defining feature of the 21st century and effective engine for change.  

As global remittance is expected to reach $325 billion in 2010, which is almost three times higher than the average annual flow of ODA, he called upon the International Organisation for Migration (IOM) - migration agency based in Geneva - to come forward in assessing the ways and means of sustaining the flow of remittances in times of economic crisis, channelling remittances towards productive investment and advancing trade and development interests of least developed countries (LDCs). 
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