Nepal secures $20 million from Loss and Damage Fund, awaits decision on Bhotekoshi plea
Summary
Nepal has secured US$20 million from the Loss and Damage Fund under the Barbados Implementation Modalities and is awaiting a separate decision on urgent support for the Bhotekoshi floods. The funding could help the country respond to the disaster once remaining review steps are completed.
Key Points
- Nepal has been approved for US$20 million in climate finance under the Fund for responding to Loss and Damage.
- The money was sanctioned through the Barbados Implementation Modalities after proposals submitted earlier this year.
- Nepal has also made an urgent separate request for assistance after the August 26 Bhotekoshi flood and is awaiting another FRLD Board decision.
- Support for Nepal’s request has been voiced by developing-country constituencies, small island states and Latin America-Caribbean representatives.
