World Bank to allocate over $260M to Nepal for emergency flood relief

The World Bank (WB) will allocate up to 25 billion rupees (nearly $262 million) to Nepal as emergency assistance in connection with devastating floods in the Rasuwa district, Report informs, citing The Himalayan Times referencing WB Country Director for Nepal David Sislen.

"World Bank Country Director for Nepal David Sislen informed Finance Minister Swarnim Wagle that up to 25 billion rupees could be mobilized from various sources as emergency aid," the publication notes.

Additionally, the United States announced the allocation of $500,000 in assistance to flood-affected communities. The US Department of State stated that the aid will be provided under a global agreement with Catholic Relief Services and will focus on providing temporary shelter, basic necessities, as well as water, sanitation, and hygiene services.

It is noted that Prime Minister of Nepal Balendra Shah traveled to the flood-damaged city of Bidur in Nuwakot to assess the damage caused by the recent floods, while the government prepares to accelerate relief efforts and infrastructure restoration.

The disaster management agency reported that the death toll has risen to 162 people, with 823 individuals remaining out of reach.