The views expressed in this presentation are the views of the author and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.

NEPAL AT A GLANCE

Area: 147181 sq km Border : East, West & South - India North - PRC Elevation: 8848 meter Mt. Everest (Highest in the World)

● A member of WTO & SAARC ● Largest trade partner - India ● Largest contributor to GDP is Service sector (52%) ● Followed by agriculture sector (35%) ● Total GDP is about 20 billion US$ (2013) ● Per capita income - 742 US$ ● Annual Inflation is 8.6 % (2011) ● Poverty and inequality are in existence

● Population: 26.40 million (2011 census) ● Language: More than123 different languages are

being spoken ● Nepali Language is spoken by 47% as a mother

tongue Ethnic and cultural diversity: ● 126 different types of cast, creeds and faiths are

being followed ● Religion: Hindu and Buddhist consists 90% of the

population ● The Birth Place of Lord Buddha – Lumbini

Agriculture - 35% Industry - 13% Service - 52% GDP growth (2013/13) – 5% Total GDP - 20 billion USD (2013) Remittance flow 25% of GDP

(fiscal year 2013/14) Total Grants - 73 billion Rs Total Loan - 50 billion Rs Percent of Foreign support in Budget: 22% Budget deficit % of GDP less than

5%(2013) Total outstanding debt/ GDP: 32.7% Total outstanding foreign loan/ GDP: 19.0%

(Rs in Billion Rs.) Total volume of trade - 460. Total Export - 64. Total Import - 396. Trade deficit - (-)332. Share of Trade with India 67% Trade deficit with India - 33%

(1 us$ = 97 Nepalese Rupees)

Nepal has labor agreements with 3 nations Nine MOU is in process About 4 million Nepalese are in abroad as a

migrant worker Everyday at least 1500 Nepalese leave the

boarder for labor Largest number of migrant are in Malaysia

Remittance Poverty reduction Skill Development Balance of Payment situation Favourable Costs Economic- training, preparation, travel, consumerism and import dependency, etc. Social: Diseases, Disabilities, separation, suicide,

Ministry of Labor and Employment Department of Foreign Employment Foreign Employment Board Foreign Employment Tribunal Labor Desk at International Airport Labor attaché unit in Embassies abroad A labor Bank is proposed

Fair recruitment Ensure labor right as human right Promote rescue Manage illegal migration Acquire remittance from formal channel Send skilled migrant worker Cooperation and coordination between source

and destination Ratification and implementation of internationl

treaties and convention on migrant labor