It has been 50 days since the devastating earthquake struck Nepal on April 25. With another powerful aftershock on May 12, a combined 9,000 lives were lost, making this the worst disaster in Nepal’s history in terms of human casualties. One in three Nepali has been affected by the earthquakes. One in ten has been rendered homeless. Half a million households have lost their livelihoods, mostly poor, subsistence farmers. Everyone has been affected in one way or the other – women, men, children, the elderly, the differently-abled. A large part of the country is in ruins.
Nepal is grateful to her friends in the international community for the rapid humanitarian response in the immediate aftermath of the disaster. We owe you our deep respect for your generosity and heroism.
Early estimates from our Post Disaster Needs Assessment (PDNA) price the damages and economic losses at US$ 7 billion, roughly one-third of our economy. The economic growth rate this fiscal year ending mid-July is expected to be the lowest in eight years, at 3.04 percent. Revenue collections will be off-target by at least 8 percent and result in a lower base going into the next FY. The immediate priority is to restore the productive means of livelihood for millions of people in agriculture, services and industry.