{
  "id": 4140146,
  "title": "Nepal may need nearly a tenth of its economy to rebuild after devastating floods",
  "url": "https://urgent.news/2026/08/29/nepal-may-need-nearly-a-tenth-of-its-economy-to-rebuild-after",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T07:24:42.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/international-business/nepal-may-need-nearly-a-tenth-of-its-economy-to-rebuild-after-devastating-floods/articleshow/133606785.cms"
  },
  "original_language": "en",
  "account": "Nepal may require nearly one-tenth of its economy to rebuild following devastating floods, according to the country's finance minister, Swarnim Wagle. The estimated cost of reconstruction ranges between $4 billion and $5 billion, Reuters reported on Saturday. Wagle emphasized that this estimate is lower compared to the $9 billion spent on reconstruction following Nepal's devastating earthquake in 2015.\n\nInitial reports indicate that the floods have claimed the lives of over 600 people in Nepal and seven in China's Tibet. The disaster has left more than 2,000 people unaccounted for. Over 2,426 people have been declared missing across the affected areas.\n\nThe floods have caused significant damage to towns in the border region, destroying bridges and roads and damaging major hydropower stations. The disaster has dealt a blow to Nepal's economy, which is heavily reliant on remittances, tourism, and hydropower.\n\nMore than 12% of Nepal's national generating capacity has been damaged by the floods, which disrupts crucial power projects. The reconstruction estimate is believed to be lower due to the scale of damage caused by the 2015 earthquake.\n\nSearch and rescue operations faced temporary disruptions due to adverse weather conditions in some areas. Nepal has reached out for specialized foreign technical assistance to help rescue people trapped in tunnels, restore transport and communication links, identify bodies, and conduct DNA testing. India has sent relief material, including blankets, medicines, food, and water purification tablets, through three flights.",
  "summary": "Nepal's finance minister estimates flood reconstruction costs between four and five billion dollars. This devastating flood killed over 600 people and left thousands missing. The disaster destroyed towns, bridges, roads, and damaged hydropower stations significantly. Search and rescue operations continue despite disruptions from bad weather conditions. India has provided substantial relief…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "72 Malaysians in China confirmed safe after Nepal floods",
        "url": "https://urgent.news/2026/08/29/72-malaysians-in-china-confirmed-safe-after-nepal-floods",
        "published": "2026-08-29T08:07:58.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "‘Generous support’: Nepal President Ram Chandra Paudel thanks India for relief materials after deadly floods",
        "url": "https://urgent.news/2026/08/29/generous-support-nepal-president-ram-chandra-paudel-thanks-india-for",
        "published": "2026-08-29T09:15:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}