International Office of Migration (IOM) Nepal Mission organised a six-day financial literacy training to government officials, NGO trainers, officials of financial cooperatives and a private banks to raise awareness among families of migrant workers on proper management of money.

“Each participant will each share their knowledge to educate 200 families who are dependent on remittances,” a press statement issued by International Office of Migration Nepal Mission, read.

The training was based on ‘financial literacy’ manual developed by International Office of Migration, Ministry of Labour and Employment and Nepal Rastra Bank. The participants discussed on managing remittances, setting up small businesses, savings, and plans and budgeting.

” International Office of Migration, Nepal is increasingly promoting participation of the private sector in migration issues and financial literacy is one of the key areas where we are working closely with financial institutions,” the press release quoted chief of IOM Nepal Mission Maurizio Busatti, as saying. “This is important for the eventual reintegration of the migrants who will need to finance sustainable income generation activities.”

Financial literacy project is being jointly implemented by International Office of Migration and Ministry of Labour and Employment, and supported by the International Office of Migration Development Fund.

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