Even as rescuers search for the thousands still missing in Nepal after catastrophic flooding that killed 1,250 people, the nation’s leaders face a second immense challenge – how to pay for recovery and rebuilding.
The tab is expected to come to at least US$5 billion, an enormous sum for one of Asia’s poorest countries, and the fund it is hoping to tap is new, underfunded and untested.
Nepal is seeking compensation for climate change-related damages from a United Nations fund set up to help…
