Rebuilding Nepal After Floods

Nepal's Finance Minister has stated that the country needs between four and five billion dollars for reconstruction after the devastating flood that struck its regions last week. This amount is roughly one-tenth of its economy. An avalanche in the Himalayas caused the deaths of over 600 people and inflicted extensive damage on towns and infrastructure, with over two thousand people reported missing. The reconstruction costs are expected to be less than the nine billion dollars allocated after the 2015 earthquake, which resulted in nearly 9,000 deaths and the destruction of half a million homes. The 2015 disaster remains the worst in Nepal's history.

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