World Bank Group Offers Help to Nepal After Devastating Earthquake

Originally posted on World Bank website.

WASHINGTON, D.C., April 26, 2015—The World Bank Group President Jim Yong Kim today offered Nepal the Bank Group’s immediate support to overcome the damage and loss of life after a devastating earthquake on Saturday.

The Bank Group’s support could address Nepal’s financing needs or any other assistance required, including a loss and damage assessment, assistance for reconstruction efforts as well as mobilizing projects already on the ground to deal with the earthquake’s effects. The Bank Group is also offering assistance to the Governments of India and Bangladesh where there are also some fatalities.

About the World Bank in Nepal:The World Bank portfolio in Nepal in 2014 included 19 active projects with a net commitment of about $1.37 billion. Before the earthquake, the Bank had forecast economic growth of 5 percent in 2015 and 2016 for Nepal.

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