What is the economic cost of the recovery?
Current Affairs

What is the economic cost of the recovery?

August 31, 202661 views

The economic cost to rebuild and recover from the catastrophic floods in Nepal is estimated to be between $4 billion and $5 billion. According to Nepal's Finance Minister, this represents nearly a tenth of the country's entire economy.

Beyond these direct reconstruction costs, the disaster has also severely affected the country's energy sector. The flash floods hit Nepal's hydropower capacity, forcing the nation to seek advance power imports from India to manage the resulting energy deficit.

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