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Finance minister says flood rebuilding has forced cuts to development and social budgets

  • Finance Minister Swarnim Wagle said at COP31 on Wednesday that the government has had to cut development and social-sector budgets to pay for disaster recovery. No amount was reported.
  • Wagle asked for an international package of grants, concessional loans and debt relief, and said Nepal had received about US$20 million from the loss and damage fund.
  • Palpa's Dhaka cloth trade turns over at least Rs 100 million a year by its industry association's estimate, The Kathmandu Post reported.
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