Nepal Faces Humanitarian Crisis as Flash Floods and Landslides Claim Over 1,400 Lives

Nepal is grappling with a severe humanitarian crisis following catastrophic flash floods and landslides, which have resulted in a death toll of 1,410 and left 6,055 people missing. The disaster, triggered by an avalanche of rock and ice, echoes a similar mountain collapse in August that caused a tsunami-like wall of water. In response to the ongoing natural disasters, the World Bank Group has announced a partnership with Nepal to explore a catastrophe bond, aiming to strengthen financial protection against earthquake risk.