The Role of Philanthropy in Nepal’s Recovery

Blogal Prosperity by the Center for Global Prosperity

The numbers that came out of Nepal in the aftermath of the April earthquake paint a picture of almost complete ruin. According to government reports, 8,789 people are dead and 22,309 have been injured. Nepal’s infrastructure has been devastated. Almost 800,000 homes have been completely or partially destroyed. Close to 1,000 health facilities and over 30,000 classrooms have been fully or partially damaged. The cost of rebuilding these buildings, along with destroyed bridges and roads, is estimated to be about USD 5 billion, with a further USD 5 billion needed to fully offset the disaster’s damage. Taken together, this USD 10 billion in total economic damages represents more than half of Nepal’s GDP.

Source: Asian Development Bank Source: Asian Development Bank

International philanthropies are playing a central role in helping Nepal cope with this fallout. The Nepal Red Cross has been on the frontlines of disaster relief efforts, providing medical care to those…

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