World Bank

The World Bank has approved an additional credit of $200 million to the Earthquake Housing Reconstruction Project (EHRP) in Nepal towards Nepal’s umbrella Housing Reconstruction Program to rebuild earthquake-resistant core housing units by providing housing grants to eligible beneficiaries who have enrolled in the program. The impact of the earthquakes is estimated at 35 percent of Nepal’s Gross Domestic Product (GDP) with recovery needs of about US$ 7 billion.

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