Foreign Minister Khanal stresses assistance to address development challenges of LDCs
Summary
Foreign Minister Shisir Khanal has urged stronger finance, climate justice and sustainable development support for least developed countries at a UN meeting in New York. He said recent floods and landslides in Nepal exposed the unequal climate risks faced by vulnerable countries and called for grant-based climate finance and a loss and damage fund.
Key Points
- Shisir Khanal said international commitments for least developed countries must be turned into action through finance, climate justice, productive capacity and sustainable development support.
- He linked Nepal's recent floods and landslides to broader climate injustice affecting the poorest and most vulnerable LDCs.
- Nepal said it worked over the past three years to keep the LDC agenda central and to advance priorities including concessional finance, debt sustainability and technology transfer.
- Nepal will hand over the chairmanship of the LDC group to Gambia and pledged continued support to the new leadership.
