Nepal seeks $5 billion for reconstruction

The Hindu · india

Nepal's Finance Minister Swarnim Wagle visited Delhi to discuss reconstruction plans following devastating floods. The government is seeking an estimated $5 billion for recovery projects over the next three to five years. Wagle expressed a desire for a "reset" in Indo-Nepal ties, aiming to revise old trade and connectivity projects and manage border disputes constructively. India has previously provided significant grant assistance and lines of credit for reconstruction efforts.