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Nepal Flood Reconstruction Bill to Hit US$4.78 Billion: Foreign Ministry
The government is seeking international aid as long-term reconstruction costs far exceed its short-term recovery estimate, officials said.
- Nepal Finance Minister Swarnim Wagle visited Delhi last week for a three-day trip, meeting Finance Minister Nirmala Sitharaman and Foreign Minister Jaishankar to discuss bilateral economic ties and disaster recovery efforts.
- Dubbed a 'Himalayan Tsunami,' flash floods across Nepal's Bhotekoshi and Trishuli river basins have caused widespread destruction, leaving 1,450 dead and 6,000 missing as of Sunday.
- With a reconstruction bill of $4.78 billion, nearly 10 per cent of its GDP, the human toll is described as massive as the 2015 earthquake, though authorities have identified only 105 bodies.
- Kathmandu is pivoting toward a framework of financial liability, moving away from a 'paradigm of charity' while pressing India and China for disaster cooperation and regional resilience support.
- Prime Minister Balendra Shah will address the UN General Assembly on September 24, advocating for a Regional Himalayan Risk & Insurance Facility to ensure predictable financial flows for reconstruction efforts.
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The devastating flood has changed thousands of lives in Nepal. How sufferers have to deal with grief, insecurity and long-term reconstruction.
The Standard+2 Reposted by 2 other sources
Thousands missing, aid needs mount one month after Nepal's deadly floods
The collapse began at an altitude of about 5,200 metres (17,060 feet) with a section more than a kilometre (0.6 miles) wide and extending roughly 700 metres vertically.
·Nairobi, Kenya
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The story of a survivor and a victim of the natural catastrophe that mobilized Nepal and killed more than 1,300 people.There are still 5,000 missing.
·Buenos Aires, Argentina
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Coverage Details
Total News Sources321
Leaning Left29Leaning Right39Center40Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 27%
C 37%
R 36%
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