Remittances and diaspora investments offer vital support for sustainable practices and climate adaptation. IFAD’s initiatives in Nepal and Mali prove simple solutions can scale.
Location: Nepal
Nearly 40% of Nepalese households depend on remittances, which total around US$11 billion annually. While this supports families and builds the country’s foreign exchange reserves, it comes with a social cost. Samriddhi helps youth, migrant households, and returnees turn remittances into sustainable livelihoods.
Nepalese migrants send home $1.5 billion every year – over 20% of the country’s GDP. Many of the women here rely on these remittances to survive. Now Savings and Credit Organisations, supported by IFAD and the Nepal Center for Micro-Finance, are facilitating safe money transfers and encouraging people to save. This is transforming villages like Makrahar where, for the first time, people are able to access credit.
