Nepal Faces $5 Billion Reconstruction Bill After Catastrophic Floods

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Nepal is confronting a massive reconstruction challenge following devastating floods that caused billions of dollars in damage. The country estimates the cost of restoring homes and infrastructure could reach as high as $5 billion. Nepal is pursuing funding from multiple sources, including development banks and international climate finance mechanisms. Both domestic resources and foreign assistance are expected to play key roles in financing the recovery effort. Authorities are emphasizing resilient rebuilding strategies to better protect the country against future disasters.

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