Plunging remittances have threatened small economies of developing countries like Nepal that partially depend on money sent home by migrants.

According to the World Bank, Nepal received remittances worth $8.64 billion or 27.3 per cent of its GDP in 2019, among the highest in South Asia.

However, a recent World Bank report warned that this year remittances could drop as much as 14 percent or $1.2 billion.

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