The beginning of a new era
In April 2015, Nepal was hit by a heavy earthquake of magnitude 7.8. The earthquake was followed by countless, partially very strong aftershocks from the northeastern part up to the Mount Everest in the Himalayan region. This natural disaster caused nearly 9,000 deaths, injured about 100,000 people and damaged or destroyed countless buildings and streets. Until today thousands of locals are still dependent on foreign support. For this reason, the German government provides EUR 25 million to build hospitals, to repair power lines and to rebuild the old royal town of Bhaktapur. Generally, Nepal relies on further support to continue its good growth path towards less poverty. Hence, KfW will continue to support its Nepalese partners with financial resources and know-how in the following three sectors.