Nepal to Seek $5 Billion for Rebuilding After Climate-Linked Disaster

  • Nepal will seek $5 billion for initial rebuilding after a late-August glacial disaster.
  • At least 1,300 people died and more than 5,300 remain missing across Nepal and Tibet.
  • Nepal will share recovery needs with global agencies and major donor countries this week.

Nepal plans to seek $5 billion from wealthier countries and international agencies for the first five months of rebuilding after a late-August glacial collapse devastated valleys, infrastructure and hydropower facilities. At least 1,300 people have been confirmed dead and more than 5,300 remain missing across Nepal and China’s Tibet region. More than 12 hydropower plants, roads, bridges, homes and cross-border trade routes were swept away. Nepal will share its damage and funding assessment with the World Bank, Asian Development Bank and governments including the United States, Britain, India, China and Japan, as well as the European Union. Officials are framing the disaster as an example of the disproportionate climate-change burden on poorer countries, while acknowledging that funding pledges after major disasters can arrive slowly and be diverted from reconstruction. The donor campaign will precede Prime Minister Balendra Shah’s address to the United Nations on September 24.

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