KATHMANDU, Feb. 9 (Xinhua) -- Nepali experts on Monday draw attention of the government about the global recession which is likely to enter the Himalayan nation through the reduction of labor export and thus the foreign remittance.
Country like Nepal whose economy is highly contingent on foreign employment will be affected by recession through the door of Malaysia and Gulf, said socialist Ganesh Gurung on Monday.
Nepal exports its large number of labor mainly to Gulf countries including the United Arab Emirates, Qatar and Malaysia. Malaysia alone has got more than 300,000 Nepalese migrant workers and is under risk, Gurung said.
Malaysia had already sent back 84 Nepalese laborers some two weeks ago.
Similarly, the government of United Arab Emirates (UAE) has decided to cut the number of foreign workers by 45 percent. In this instance, Nepalese workers were expected to be worst-hit by the decision, as hundreds of thousands of them had been working in the major cities of UAE.
Experts addressing an interaction program on labor discussion, organized by Labor Journalist Group in Nepali capital Kathmandu on Monday have outlined serious scenario of unemployment in the country.
Large number of unskilled manpower will tempt to commit anti-social activities in society as they will not have any work to engage, said Lekhraj Bhatta, Nepali Minister for Labor and Transportation.
Only 2 percent of Nepalese laborers working abroad are skilled whereas 71 percent unskilled.
The Labor Ministry has initiated diplomatic discussion to look after this issue, according to Minister Bhatta. We have called on our envoys from four countries including Malaysia for high level diplomatic talk and we will trace out the possible decision within a week, he added.
Besides of unemployment, foreign employment was holding Nepal's economy through foreign remittance which is likely to fall soon by 2010.
Shanker Sharma, former president of National Planning Commission of Nepal stressed the possible problematic situation the country may face during the quarter of 2009-2010.
Nepal's economy is highly dependent on foreign remittance. If foreign remittance falls down, there is no doubt that Nepal's economy will be badly affected, said Sharma.
The government of Nepal has issued permission to send workers to 107 countries. More than 1.3 million people have gone abroad (except India) for jobs through registered manpower companies alone by mid-January, according to Minister Bhatta.
Nepal Rastra Bank, the central bank of the country, has received 1.42 billion Nepali rupees (some 18.2 million U.S. dollars) remittance from countries other than India during the last five months.
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