Event Brief
Nepal flood damage could cost up to 10% of economy
By The BriefBrief · Sources (2)
Filed: Aug 29, 2026 at 7:07 AM ET
Summary: Nepal’s finance minister said rebuilding after recent floods could cost between US$4 billion and US$5 billion. He added the damage may amount to as much as a tenth of Nepal’s economy to restore.
WHO: Nepal’s finance minister
WHAT: Said rebuilding costs after Nepal’s floods may reach US$4 billion to US$5 billion and could be up to a tenth of the economy.
WHEN: Aug 29, 2026 at 2:09 AM ET
WHERE: Nepal
WHY: Cause not yet established.
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