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Nepal's Flood Damage Could Cost Up to 10% of Economy

Floodwaters Rising: A Disaster in the Making for Nepal's Economy The Himalayan nation of Nepal has been devastated by one of its most catastrophic disasters in recent memory.

On August 26, a glacier collapse unleashed a torrent of rock, ice, mud, and debris that has left over 600 people dead and thousands more unaccounted for.

Initial damage estimates to infrastructure, homes, and power projects stand at up to $5 billion, roughly one tenth of Nepal's economy.

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