Al-Jazeera: Nepali migrant workers feel pain of economic downturnd

Foreign workers are bearing the brunt of the current economic downturn – they’re often the first to lose their jobs. With migrant workers sending home remittances of almost 400 billion dollars last year the subsequent loss of income could be devastating for many.

There are 2 and a half million Nepalis working overseas and the money they send home is the country’s biggest source of foreign exchange.

Al Jazeera’a Subina Shrestha reports in October 2009 from Nepal where migrant workers are beginning to return home.

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[Below is an excerpt from a report by the Deputy Manager of Nepal Bank Limited.  It a useful source of facts on the hundreds of thousands of workers and peasants who are driven by oppressive economic and social conditions in Nepal to migrate to India and other countries in the Middle East and Asia;  the important role that remittances from these overseas workers play in propping up the Nepali economy and state; and the 60,000 Nepali troops that are part of the Indian Army.–Frontlines ed] Continue reading