Survey Reveals Extent of the Fallout From the Pandemic on Micro, Small and Medium Enterprises in Nepal
Based on a sample of more than 540 representatives from MSMEs across all provinces, the survey revealed that over 80 percent of businesses have suffered from a slump in sales.
All the government repatriation schemes had excluded undocumented migrant workers, leaving them to languish in COVID-19 hit labor destination countries.
Despite dire predictions about a drastic drop in remittances that Nepal gets from its workers abroad due to the COVID-19 induced economic downturn, money transfers have remained steady.
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.
In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July.
Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry.
Nepali missions abroad are verifying applicants’ status before recommending their names to the government to provide them airfare from Migrant Workers Welfare Fund.