In April and May of 2015, two huge earthquakes struck Nepal. In addition to the devastating human cost, hundreds of thousands of houses were destroyed or rendered uninhabitable. Directed by the National Reconstruction Authority, the Earthquake Housing Reconstruction Program will encompass all of the housing stock to be rebuilt throughout Nepal.
June 23, 2015 - The World Bank Group will always stand with the people of Nepal, especially in their time of need. The World Bank is helping the country face its next challenge — moving beyond the emergency to start building back better. Subject to board approval, the WBG will provide $200 million to rebuild homes and $100 million in budget support to strengthen the financial sector.
With over 600 million people living along the fault-line across the Himalayan belt, South Asia’s earthquake exposure is very high. Over a one-year period from May 2013 to May 2014, there were a total of 1,247 recorded earthquake events of 4.0 magnitude or higher. It's time to prepare and to rebuild with more resilience.