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The Latest on Nepal Quake: Reconstruction cost $5 billion

2. 30 p. m. (0845 GMT)A respected consultancy services says the long-term cost of reconstruction in Nepal after Saturday's earthquake could be more than $5 billion, or about 20 percent of Nepal's GDP. Rajiv Biswas, Asia-Pacific Chief Economist for the Colorado-based consultancy services IHS, says Nepal has extremely limited capacity to finance relief efforts and reconstruction from its own resources. "The total long-term cost of reconstruction in Nepal using appropriate building standards for...

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