Nepal estimates need for billions in reconstruction funds

Nepal may require between $4 billion and $5 billion for reconstruction following the recent floods, according to Finance Minister Swarnim Wagle. The floods have caused the deaths of nearly 700 people, with the need for funding being a significant concern given the country's economic conditions.

In addition, the situation has prompted the government to seek international support. The United States has already announced a $3.6 million grant to assist with relief and reconstruction efforts, as reported by RTP.

Data on the death toll varies among sources, with some reporting over 600 and others nearly 700. However, consensus is forming around the magnitude of the financial challenge that Nepal now faces.