Tag:foreign exchange reserves

El Niño itself cannot be prevented. The scale of its impact on Sri Lanka, however, will be determined by the quality and speed of the national response.

Monetary indicators showed the clearest gains through lower inflation, while the external sector recorded the sharpest deterioration.

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.

There is concern that the “remittance economy” model could undermine long-term development if not paired with investment in productive sectors.