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World Bank

Nepal, World Bank Explore Catastrophe Bond for Disaster Protection

Nepal and the World Bank are exploring a catastrophe bond to improve disaster financing after devastating floods caused an estimated $1.66 billion in damage….reports Asian Lite News Desk Nepal and the World

October 15, 2026

-Top News·Asia News·Nepal

Nepal Floods Cause $1.66 Billion In Damage, Says World Bank

Nepal’s August 2026 floods caused an estimated US$1.66 billion in direct physical damage, with infrastructure accounting for 83 per cent of the total…reports Asian Lite News Desk Nepal’s devastating floods in August

October 9, 2026

Asia News·Nepal

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