Climate loss and damage fund moves to consider urgent support for Nepal
Summary
नेपाल has asked for urgent financial assistance after the devastating Bhotekoshi river floods, and the Fund for Responding to Loss and Damage says it is ready to consider support. The country is also set to receive $20 million in climate finance under a mechanism for vulnerable nations.
Key Points
- The FRLD Board said it is ready to explore urgent support for Nepal after the Bhotekoshi river floods.
- Finance Minister Swarnim Wagle and Minister Gita Chaudhary had requested financial assistance on August 31.
- Developing-country members of the FRLD Board will meet to discuss a common position on supporting Nepal.
- Nepal is also set to receive $20 million in climate finance under the Barbados Implementation Modalities.
