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India, China and Bank Pledged $2.1 Billion Help Rebuild Nepal After Earthquake

Officials in India have just pledged to give $1 billion to Nepal to aid in relief and rebuilding efforts following the massive earthquake in April. The money is in addition to $500 million from China and $600 million recently pledged by the Asian Development Bank. The earthquake killed nearly 9,000 people in the country and destroyed an estimated 500,000 homes. Along with the combined donations from the U.S., Japan, EU and World Bank, Nepal will receive $3 billion in aid to rebuild. At this week’s International Conference on Nepal’s Reconstruction, Nepalese Prime Minister Sushil Koirala said his government would have “zero tolerance toward corruption,” adding, “I assure you that we will [leave] no stone unturned in ensuring that the support reaches the intended beneficiaries.” Officials in Nepal estimate that rebuilding affected parts of the country could cost more than $7 billion …

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