Remittances already account for nearly 67 per cent of Nepal’s total foreign currency earnings. Tourism and exports from the Gulf add smaller but important flows. Last fiscal year, 20,504 tourists from Gulf countries visited Nepal, representing 1.8 per cent of total arrivals.
The kingdom’s Gross National Happiness philosophy, which places equal weight on economic progress and environmental stewardship, faces a practical test here.
With the region still recovering from previous shocks, the latest ADB analysis serves as a timely reminder of the region’s exposure to distant geopolitical events.
The webinar saw active participation from the attendees and was instrumental in throwing light on and advancing the important discussion on women’s work in agriculture.
Stakeholders are calling on the government to explore alternative trade corridors, diplomatic engagement to secure safe passage, and urgent financial support for exporters facing liquidity crunches.
The transition will require careful policy planning to ensure that the gains achieved over decades are not undermined by sudden changes in trade and development frameworks.
The episode marks a critical moment for global health diplomacy. As pandemics and health crises increasingly transcend borders, the debate over the US withdrawal from the WHO highlights the fragile balance between national interests and collective security in an interconnected world.