Finance Minister Swarnim Wagle said Nepal will need roughly $4 billion to $5 billion to rebuild communities devastated by the recent floods that struck the country’s border regions. The estimate, he explained, is preliminary while officials continue to assess the full extent of loss and damage.

Government response and next steps

Wagle emphasized that the government is coordinating with international partners to secure the necessary resources. He did not specify which agencies or donor nations would contribute, but indicated that the finance ministry will prioritize funding for critical infrastructure, housing, and livelihood restoration.

The floods, which hit this week, have caused widespread displacement and damage to roads, bridges, and agricultural lands. Local authorities are conducting rescue operations and providing emergency relief, while the central government prepares a longer‑term reconstruction plan.

Implications for Nepal’s recovery

Securing the projected $4‑5 billion will be essential for Nepal to restore basic services and support affected families. The finance ministry’s estimate underscores the scale of the challenge and the need for coordinated aid.

Wagle’s remarks come as Nepal seeks to balance immediate humanitarian assistance with sustainable rebuilding efforts, aiming to strengthen resilience against future natural disasters.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.