Within the next four years, a number of citizens equal to the population of Kathmandu could migrate abroad
▸ Part of: World Bank Warns of Mass Emigration from Nepal Due to Job Scarcity
World Bank Country Director David Sislen stated that job creation is a major challenge for Nepal's economic development, warning that continued emigration for foreign employment could lead to a significant portion of the population leaving the country. He highlighted the need for reforms in infrastructure, policy, and finance, noting issues with capital mobilization and collateral-based lending in Nepal's banking sector.
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