All News and Announcements
New SCBF Project: First-Of-Its-Kind Digital Tele-Medicine and COVID-19 Insurance Product in Nepal
In response to COVID-19, the new SCBF product upscaling project supports a local insurtech company to implement a first-of-its-kind e-health value added service product with two core features: e-health tele-consultation bundled with COVID-19 insurance.
Nearly 5,000 Nepali Workers Apply to Return Home on Government Support
Nepali missions abroad are verifying applicants’ status before recommending their names to the government to provide them airfare from Migrant Workers Welfare Fund.
United Nations Federal Credit Union Partners With Thunes for Mobile Money Transfers
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
Supporting Nepal’s Migrants, as Overseas Work Dries Up
Since the economic slowdown resulting from the COVID-19 pandemic, work for many of them has dried up. The UN is supporting efforts to manage the large-scale influx of returnee workers.
Nepal: Strategies for Post-COVID-19 Recovery Amidst Falling Remittances
Nepal, where remittance contribution to GDP in 2019 was equivalent to 27.3 percent, according to the World Bank, has lost nearly 50 percent of remittances in the past two months compared to the same period last year.
Nepal’s Remittance-Dependent Economy Braces for Upheaval Amid COVID-19 Pandemic
The government’s decision to stop issuing permits to migrant workers will have significant consequences for the country, where economic activities are driven by remittances, experts say.