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The recent floods in Nepal have caused material losses estimated at over $2.56 billion, with at least 7,500 homes completely destroyed and vital infrastructure, including roads and residential areas, damaged. The floods also triggered avalanches along the border with China, resulting in the deaths of more than 1,250 people and the disappearance of over 4,200 others, in addition to displacing thousands of residents. Nepalese authorities plan to rebuild around 20,000 homes and allocate more than $52 million for emergency aid, along with a comprehensive assessment of damages to support reconstruction efforts.
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