LBCI

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

World News

29-08-2026 | 05:41

Share

Share

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

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."

A glacier collapse on Wednesday unleashed a huge torrent of rock, ice, mud and debris through Himalayan mountain river systems, killing more than 600 people in Nepal and China's Tibet, with more than 2,000 still unaccounted for.

Reuters

World News

Nepal

Flood

Damage

Economy

Next

At least 27 dead after Russian strike on warehouse near Kyiv

Nepal flood death toll rises to 579: Disaster authority

Previous

Recommended For You

US issues fresh Iran-related sanctions, Treasury website shows

12:47

US issues fresh Iran-related sanctions, Treasury website shows

Seven missing off Romania after latest Black Sea drone attacks

11:43

Seven missing off Romania after latest Black Sea drone attacks

Zelensky says meeting NATO chief, EU leaders in push for 'real pressure' on Russia

09:18

Zelensky says meeting NATO chief, EU leaders in push for 'real pressure' on Russia

Pope's doctors say chest X-ray shows 'good recovery' of lung

08:08

Pope's doctors say chest X-ray shows 'good recovery' of lung

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Saudi Arabia says will not allow threats to its security, Red Sea navigation

Middle East News

2026-10-13

Saudi Arabia says will not allow threats to its security, Red Sea navigation

Southern Lebanon withdrawal expected within weeks as Israel advances security plan

News Bulletin Reports

2026-07-05

Southern Lebanon withdrawal expected within weeks as Israel advances security plan

More than tourism: What the UAE's Lebanon travel decision means

News Bulletin Reports

2026-06-30

More than tourism: What the UAE's Lebanon travel decision means

Gaza health officials say Israeli strike on police station kills seven

Middle East News

2026-08-19

Gaza health officials say Israeli strike on police station kills seven

Videos

Exclusive LBCI interview: UN official optimistic about UNIFIL’s future — video

News Bulletin Reports

13:20

Exclusive LBCI interview: UN official optimistic about UNIFIL’s future — video

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

News Bulletin Reports

2026-10-09

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

News Bulletin Reports

2026-10-08

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

2026-09-18

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

Aoun arrives at Élysée Palace for meeting with Macron—Video

2026-09-17

Aoun arrives at Élysée Palace for meeting with Macron—Video

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Most read

24 hours

7 days

Month

Hezbollah MP says seized explosives truck belonged to the group

1

Hezbollah MP says seized explosives truck belonged to the group

US ambassador hosts Lebanese lawmakers to discuss repeal of 1955 Israel boycott law: LBCI sources

2

US ambassador hosts Lebanese lawmakers to discuss repeal of 1955 Israel boycott law: LBCI sources

Yemen's Houthis say targeted Riyadh airport with ballistic missile

3

Yemen's Houthis say targeted Riyadh airport with ballistic missile

Prince Harry, Meghan make first joint public appearance since UK return

4

Prince Harry, Meghan make first joint public appearance since UK return

US concerned legal action against Lebanese ambassador could hinder talks with Israel: Sources

5

US concerned legal action against Lebanese ambassador could hinder talks with Israel: Sources

Cyprus offers to host operations and training center for new EU mission in Lebanon

6

Cyprus offers to host operations and training center for new EU mission in Lebanon

Saudi Arabia says Houthis declined to meet in Oman in recent weeks

7

Saudi Arabia says Houthis declined to meet in Oman in recent weeks

Saudi Arabia says Iran continues to arm, train and support Houthis

8

Saudi Arabia says Iran continues to arm, train and support Houthis

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More