Diplomacyindia.com

Nepal needs huge recovery effort after earthquake : World Bank

June 16
20:07 2015

Kathmandu, June 16 (IANS) An assessment of the impact of the devastating April 25 earthquake and major aftershocks thereafter shows that Nepal’s recovery needs an amount equivalent to a third of the Himalayan nation’s economy, the World Bank said on Tuesday.

The damage to the economy will require sustained financial support and effective recovery programmes to create a more resilient Nepal and to target support for those most in need, the World Bank said in a report ahead of a donor conference scheduled for June 25.

Reacting to the Nepal government’s announcement of the key results of its Post-Disaster Needs Assessment (PDNA), the World Bank said the June 25 donor conference must provide Nepal with sustained support to repair the economic damage and to prevent more people from falling into poverty.

The PDNA estimates the damage at $5.15 billion, losses at $1.9 billion and recovery needs at $6.6 billion — roughly a third of Nepal’s economy.

Early estimates had suggested that an additional three percent of the population has been pushed into poverty as a direct result of the earthquakes. This translates into as many as a million more poor people.

“The economy of Nepal took a huge hit from these earthquakes and there is a danger that many of the country’s impressive gains in overcoming poverty could be reversed unless this challenge is addressed in a decisive way,” said Annette Dixon, vice-president for the South Asia region at the World Bank.

“The country needs resources to pay for the recovery that can be channelled through credible programmes to make itself more resilient to the next natural disaster and ensure that those most in need receive the help they deserve.”

The donor conference on June 25 is being organised by the government of Nepal to coordinate efforts among partner governments and organisations involved in the reconstruction effort.

The PDNA, led by the Nepal government and supported jointly by the Asian Development Bank, European Union, the Japan government, the UN and the World Bank, will take part in the discussion by highlighting the extent of the damage to the economy — and suggesting how to help the Himalayan nation recover.

Given the short time within which the PDNA was completed, it provides rough estimates of the damages, losses and needs in each of the 23 sectors and themes it covers. This is sufficient to show the approximate overall damages, losses and needs, as well as the relative impact between sectors.

The most heavily-impacted sector by far is housing, which accounts for about three-fifths of damages and half of needs. As the government and its development partners transition from relief to reconstruction, more detailed assessments will be completed at sectoral levels.

“The results of the Post-Disaster Needs Assessment show that reconstruction will be costly and time-consuming,” said Johannes Zutt, World Bank country director for Nepal.

“To raise the money needed, there must first be clear plans on how it will be spent. To this end, the World Bank is working with the government of Nepal to develop credible recovery programmes that will be implemented with transparency and accountability for the benefit of those who lost the most from the earthquake disaster.”

Share

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

<

On the Eve of 30th Years of Independence of Republic of Uzbekistan, H.E. Dilshod Akhatov, Ambassador of Uzbekistan to India in conversation with Ameya Sathaye, Editor-in-Chief.

Denmark Ambassador to India Freddy Svane in conversation with Amb Pradeep Kapur & Ameya Sathaye, Editor-in-Chief

Italy india will work closely together for G20 : Italy Envoy to India

Do you know why FINLAND is ranked number ONE in Happiness index, watch this interview with Finland Ambassador to India

Exclusive Interview : H.E. Jasem Ibrahem Al Najem Ambassador of Kuwait to India speaks on India Kuwait bilateral relations

ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा 0 comment Read Full Article

H.E. Reuben Gauci, Ambassador of Malta to India speaks on India-Malta Bilateral Relations

Portugal supports India in covid crisis : Portugal Ambassador Carlos Pereira Marques speaks with Ameya Sathaye, Editor-in-Chief

Vietnam Ambassador to India, Pham Sanh Chau speaks on Vietnam support to India in tackling covid crisis

Netherlands supports India in covid crisis : Netherlands Ambassador Marten van den Berg speaks with Ameya Sathaye

Envoy Speaks : Gopal Baglay, Indian High Commissioner to Sri Lanka speaks on Bilateral relations, business opportunities, Tourism & people to people to people contacts

Kuwait reciprocates, we stand with India in this hour of crisis : Kuwait Ambassador to India

Canadian High Commissioner, Nadir Patel speaking on support to India in covid crisis

Italian Ambassador to India, Vincenzo de Luca speaking on Italy support to India in covid crisis

H.E. Mr. Reuben Gauci, Malta High Commissioner to India speaks with Ameya Sathaye, Editor-in-Chief of Malta support to India in covid crisis

Danish Ambassador to India Freddy Svane speaking on Denmark aid to India

Video Interview with Vinod Daniel, CEO, India Vision Institute, Board Member, International Council of Museums & Chairman, Ausheritage

DENMARK AMBASSADOR FREDDY SAVNE VISIT TO CORONOVIRUS VACCINE FACILITY AT HYDERABAD, A TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVT OF INDIA FOR FOREIGN ENVOYS BASED IN INDIA.

MALTA HIGH COMMISSIONER TO INDIA, H.E. REUBEN GAUCI SHARING HIS IMPRESSION ABOUT HIS VISIT TO HYDERABAD : TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVERNMENT OF INDIA FOR ENVOYS BASED IN INDIA TO UPDATE ON CORONAVIRUS VACCINE

H.E. Mr. Dinesh Bhatia, Ambassador of India to Argentina in conversation with Ameya Sathaye, Editor-in-Chief

Pictures of Formal Launch of Website Diplomacyindia.com

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP2Social Auto Publish Powered By : XYZScripts.com