Nepal needs at least $4 bn for rebuilding: FinMin
Nepal's Finance Minister Swarnim Wagle announced the country needs at least $4 billion for rebuilding after devastating floods this week. The initial estimate ranges from $4 billion to $5 billion, significantly lower than the $9 billion spent after the 2015 earthquake. The floods have already killed over 600 people and damaged critical infrastructure, impacting the economy reliant on remittances and tourism.