Nepal: Flood rebuilding costs 10% of economy

Nepal was heavily impacted by the floods and glacier collapses that occurred last week, resulting in the deaths of at least 633 people, with the fate of another 2,426 remaining unknown, in addition to those missing in China. The finance minister stated that the reconstruction cost is estimated to be between 4 and 5 billion dollars, roughly 10% of the country's economy. He added that these figures are still preliminary and are comparable to the costs of the 2015 earthquake, which amounted to 9 billion dollars. The damages have destroyed bridges, roads, and power stations, highlighting the ongoing challenges of rehabilitating the damaged infrastructure amid efforts to rescue tourists and those affected.

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