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National Remittance Conference

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NATIONAL CONFERENCE ON REMITTANCE FOR DEVELOPMENT IN NEPAL

National Remittance Conference 2013

REPORT

Kathmandu, Nepal 28 November 2013
Mandeep Karn Dibayashwor Raj Baidya

Organized by National Banking Training Institute (NBTI) in association with the Asian Development Bank (ADB), and hosted by the Mr. Sanjib Subba, CEO and Company Secretary, NBTI.

Acknowledgement
APEX College would like to express its gratitude to the National Banking Training Institute for the great learning experience opportunity and report on ‘NATIONAL CONFERENCE ON REMITTANCE FOR DEVELOPMENT IN NEPAL’ . This allowed us to participate and gather crucial conference details, data and information in regards to remittance and migrant workers of Nepal. The topic is pertinent to the current Nepalese context. All are related to recent conference ‘National Remittance Conference- 2013: national conference on remittance for development in Nepal’.

Abstract
A remittance is basically the transfer of money by a foreign worker to his or her home country or simply sending an amount of money from one country to another. Money sent home by migrants constitutes the second largest financial inflow to many developing countries, exceeding international aid. According to World Bank report in 2012, $401 billion new remittance record went to developing countries with overall global remittances (including developed countries) topped $514 billion. Our economy at large is remittance based economy. Remittance accounts for 25% of GDP (Gross Domestic Product) which is largest in terms of contribution to overall GDP in South Asia and third in the world. Though around 20% of Nepalese population is working abroad we still have not been able to manage this sector. Thus first National Conference on Remittance 2013 was organized by Nepal Banking and Training Institute (NBTI) with the sponsorship of Asian...

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