The Qatar-Nepal Remittance Corridor : Enhancing the Impact and Integrity of Remittance Flows by Reducing Inefficiencies in the Migration Process

Endo, Isaku; Afram, Gabi G.

The Qatar-Nepal Remittance Corridor : Enhancing the Impact and Integrity of Remittance Flows by Reducing Inefficiencies in the Migration Process

2011

Endo, Isaku | Afram, Gabi G.

Remittance inflows play a crucial role in Nepal's economy. Officially recorded remittances already amounted to almost a quarter of the Gross Domestic Product (GDP) in 2009. The 2008-09 global economic crises resulted in slower growth of remittance inflows in Nepal, leading directly to lower disposable income. This is a telling reminder of the importance of promoting a supportive environment for remittances. Nepali migration continues to increase as workers seek greater economic opportunities abroad. In this quest, Qatar is one of the important migration destinations for Nepali migrant workers. This report analyzes the migration and remittance transfer processes in the Qatar-Nepal Corridor in order to provide policy recommendations that would help improve the scale and impact of remittance transfers from Qatar to Nepal, and enhance the efficiency and integrity of migration and remittances in the corridor. The report identifies challenges in the migration process from Nepal to Qatar (related to high migration costs and their financing) and constraints in the remittance transfer process from Qatar to Nepal, which together limit the development and poverty reduction impact of remittance flows to Nepali households. As this report highlights, the Qatar-Nepal remittance corridor has several distinctive features. First, the majority of remittance flows from Qatar to Nepal are being transferred through officially regulated remittance channels. One of the reasons for this is actually the second feature of this corridor, namely, the officially managed migration process from Nepal to Qatar (as a result of which the majority of migrants are documented workers). The third feature is the contrast between the high competition and low prices of remittance services in this corridor on the one hand, and the contradictory rules and high costs incurred during the migration process on the other hand. Finally, as a by-product of the complex migration process which involves multiple players, financial transfers through informal mechanisms take place from Nepal to Qatar in order to pay the commissions of manpower agencies and middlemen.

Afficher plus [+]

Mots clés AGROVOC

abuse accountability accounting baby banks best practices developing countries development banks diseases due diligence economic conditions economic development economic growth emigration employment exchange rate foreign workers fraud gross domestic product immigration income insurance interest rates international bank laws legal frameworks legal status liquidity market competition migrant workers migrants migration population increase remittances repayment reproductive health rural areas savings social development transaction costs transport transportation unemployment wages

Informations bibliographiques

Editeur

World Bank

D'autres materias

Wire transfers; Transfer costs; Transfer fees; Cash transfer; Regulatory frameworks; Central banks; Electronic transfers; Disbursements; Checks; International money transfer; Political instability; Payment services; Foreign exchange rate; Courier services; Skilled workers; Migration policies; Remittance; Market share; Money transfer companies; Service providers; Financial flow; Foreign currency; Middleman; Local banks; Negotiable instruments; Liquidity risks; Labor market; Currency; Physical cash transfer; Exchange rates; Deposit accounts; Electronic funds; Borrower; Issuance; Payment system; Regulatory constraints; Labor force; Transfer channels; Portfolio; Bank branch; Remittance flows; Money gram; Migrant workforce; Central bank; Reserves; Work migration; Bank data; Local currency; Currency transaction; Money order; Money transfers; Reserve bank; Repatriation; Migrant worker; Return; Debit cards; Trading; Informal transfers; Service provider; Migrant labor; Deposits; Migration process; Exchange rate movements; Terrorism; Securities; Postal service; Temporary migration; Integrity; Regulatory framework; Policy dialogue; International money orders; Host countries; Liquidity management; Transparency; Market players; Unskilled workers; Collect cash; Branch network; National population; Anti-money laundering; Foreign exchange; Informal channels; Checking accounts; Bank drafts; Human development; Migrant outflows; Dissemination; Cash-to-cash; Liquidity risk; Private commercial banks; Living standard; Credit transfers; Remittance outflows; Migrant; Payment systems; Bank accounts; Lack of awareness; Transfer fee; Middlemen; Credit guarantee; Respect; Electronic funds transfer; Money transfer operator; Money express; Savings accounts; Bank guarantee; Remittance transfer; Mobile phones; Remittance services; Money orders; Deposit; Financial services; Default risk; Loan repayment; Financial stability; Remittance market; Push factors; Market conditions; Reserve bank of india; Job opportunities; Local moneylenders; Transfer system; Family members; Skills development; International money transfer operators; Population division; Credit transfer; Informal transfer; Political uncertainty; Money lender; Development bank; Bank guarantees; Transaction; Loan; Disbursement; Pull factors; Money transfer; Remittance transfers; Banking services; Transfer of funds; Account-to-account; Transfer mechanisms; Reserve; Subsidiary; Collateral; Host country; Foreign banks; Monetary fund; Mobile phone; Financial institution; Tax; Life insurance; Financial information; Exchange commission; Bank account; Economic opportunities; Nationals; Bus service; Transfer process; Tax deductions; Remittance inflows

Licence

World Bank Studyhttp://creativecommons.org/licenses/by/3.0/igoWorld BankCC BY 3.0 IGO

ISSN

8213-7050

Source

World Bank Study

Sur AGRIS depuis: 2014-09-15

Format: AGRIS AP

Fournisseur de données

Cette notice bibliographique a été fournie par World Bank

Découvrez la collection de ce fournisseur de données dans AGRIS

Liens

http://hdl.handle.net/10986/2330

Consulter Google Scholar

Si vous remarquez des informations incorrectes dans cette référence bibliographique, veuillez nous contacter à l'adresse [email protected]

FAO AGRIS - Système international des sciences et technologies agricoles

Share

The Qatar-Nepal Remittance Corridor : Enhancing the Impact and Integrity of Remittance Flows by Reducing Inefficiencies in the Migration Process

2011

Mots clés AGROVOC

Informations bibliographiques