Nepal seeks urgent climate finance after Bhotekoshi flood
Summary
Nepal has asked the Fund for Responding to Loss and Damage for urgent financial assistance after the deadly August 26 Bhotekoshi flood caused widespread destruction and displacement. Officials say the scale of losses is still being assessed, but the government wants rapid support before the fund’s next board meeting in December.
Key Points
- The government has requested urgent support from the Fund for Responding to Loss and Damage after the Bhotekoshi flood caused deadly damage on August 26.
- A letter cosigned by Finance Minister Swarnim Wagle and Forests and Agriculture Minister Geeta Chaudhary says the disaster caused major loss of life, homes, infrastructure and livelihoods.
- Nepal says the flood shows how climate impacts from the mountains can cascade downstream and is seeking a special fast-track decision from the fund.
- Officials say this is the first time Nepal has sought support from the entity and want a response before the board meets on December 10.
