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Nepal floods cause $1.66 billion in direct physical damage: World Bank

Summary by bhaskarlive.in
Digital Desk | Kathmandu, Oct 9 (IANS) The devastating floods that struck Nepal on August 26 caused an estimated US$1.66 billion in direct economic damage to physical assets, with infrastructure accounting for 83 per cent of the total, according to a World Bank report. The World Bank’s estimate of physical damage is close to the figure reported by the Nepali government in its preliminary Rapid Damage and Needs Assessment (RDNA), which put the …
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The devastating floods in Nepal have caused $1.66 billion in economic losses, with the World Bank reporting Rasuwa as the worst-affected area. Learn about the impact of the disaster and the challenges of reconstruction.

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Social News XYZ broke the news on Friday, October 9, 2026.
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