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The Economic Times
The Economic Times
National

Nepal's flood damage may cost up to a tenth of economy to rebuild

Nepal Economy Flood Swarnim Wagle

Nepal may need $4 billion to $5 ​billion to rebuild after ​this week's devastating floods, Finance Minister ​Swarnim Wagle told Reuters on Saturday, a bill equal to nearly a tenth of the economy.

"The initial estimate ‌is between $4-$5 ⁠billion. Just ⁠an estimate," Wagle said. "We will require much less ​than what we needed for the 2015 earthquake. Loss and ​damage is being assessed."

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