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Nepal Flood Reconstruction Bill to Hit US$4.78 Billion: Foreign Ministry
Officials said short-term recovery needs are $57.67 million, while long-term reconstruction accounts for most of the $4.78 billion estimate.
- Flood-Hit Nepal will ask wealthier countries and global agencies for $5 billion in financial help this week, framing the rebuilding effort as climate justice for nations that contributed little to the crisis.
- Since the collapse of a Himalayan glacier in late August triggered devastating floods, at least 1,300 people have been confirmed dead and more than 5,300 remain missing across Nepal and Tibet.
- Foreign Minister Shishir Khanal said support should be viewed as 'climate justice' rather than charity, while Nepal's disaster management chief Dharam Raj Uprety added the disaster is 'induced by climate change.'
- Prime Minister Balendra Shah will seek international support at the United Nations on September 24, while Beijing has already extended assistance, foreign ministry spokesperson Guo Jiakun said on Thursday.
- Experience from Pakistan's 2022 floods suggests funding may lag; only $3.4 billion of $11 billion in pledges had been disbursed by early 2024, with nearly 42% allocated for oil imports.
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The mountainside collapsed, sending more than 100 million cubic meters of snow, ice and rock into the valley.
·Bratislava, Slovakia
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The list of missing persons following the devastating floods in Nepal at the end of August increased by a thousand more people, as reported to EFE on Thursday
The spokesperson added that the figure could also be reduced once the identity of unidentified bodies recovered after the disaster was established by DNA testing.
·Pozuelo de Alarcón, Spain
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Total News Sources246
Leaning Left22Leaning Right34Center33Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
38% Right
L 25%
C 37%
R 38%
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