Archive · Business Recorder
Nepal seeks grants, not loans, for flood recovery after deadly glacier disaster
Nepal Prime Minister Balendra Shah called for grant-based international support at the United Nations General Assembly on Thursday to help the Himalayan nation recover from the glacier flood that killed at least 1,450 people. Shah said in New York that Nepal’s recovery and reconstruction needs were estimated at about 10% of gross domestic product following the flood that struck mountain communities four weeks ago, and argued that vulnerable countries should not be forced to take on additional debt to rebuild from catastrophic climate events. “When a climate-driven disaster destroys infra...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →