Opinion | Remittances built Nepal’s economy for decades. It’s time for the next step
Summary
Nepal’s economy has long depended on remittances, but foreign labour migration has done little to build long-term growth or a stronger domestic skill base. The article argues for government-to-government skills partnerships with destination countries to lower training costs, improve job-ready skills, and turn migration into a development asset.
Key Points
- Foreign labour migration has driven Nepal’s economy through remittances but has not produced enough long-term growth or skill gains.
- The article proposes government-to-government skills partnerships with destination countries to provide technical and financial support for training in Nepal.
- Such partnerships could reduce migration costs, improve labour market information, and strengthen recognition of Nepali workers’ skills abroad.
- The author says Nepal should embed skills partnerships in its migration policy and align them with domestic economic needs.
