Nepal’s diaspora fortune
▸ Part of: Nepal Reduces Emergency Control Room Hours Amid Normalizing West Asia Situation
Despite an estimated $50bn to $70bn in wealth held abroad by its diaspora, Nepal struggles to channel these remittances into productive assets, with most funds directed towards land purchases. High minimum investment requirements for foreign direct investment and a narrow stock market limit formal investment channels. The financial system's preference for land as collateral further disincentivizes business and manufacturing, contributing to "premature deindustrialisation" and hindering the country's economic growth.
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