Nepal faces significant risks from natural hazards like floods, landslides, and earthquakes. Over the past 37 years, disasters have killed over 27,000 people and affected nearly 5 million. The annual economic losses from disasters average over 20 billion NPR, with water-induced floods alone causing over 5.3 billion NPR in losses. Disaster risk reduction through preparedness, mitigation and building resilience is necessary to reduce vulnerabilities and impacts.