Nepal Earthquake: Donors Pledge Billions in Aid for Reconstruction

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KATHMANDU, Nepal—Development agencies and foreign governments pledged billions of dollars to help rebuild this earthquake-ravaged nation, as Nepalese officials assured donors that their money wouldn’t be lost to corruption and bureaucratic waste.

Nepal’s two giant neighbors, India and China, which are competing for strategic influence in the Himalayan nation, led the way in promised contributions toward the $6.7 billion the country says it needs for reconstruction after severe quakes in April and May that killed nearly 9,000 people.

At a donor conference in Kathmandu on Thursday, New Delhi announced an additional $1 billion in aid, a quarter of it as grants, bringing the country’s total pledges for Nepal over the next five years to $2 billion. China said its grant assistance would total about $760 million before 2018.

Japan is offering $260 million, much of it for building quake-resistant schools, while the…

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