'We need a fairer global economic order'
Summary
Prime Minister Balendra Shah urged the United Nations to back a fairer global economic order and stronger climate finance after deadly floods devastated Nepal’s mountain communities. He called for a Himalayan Climate Resilience Mechanism led by Nepal, India and China and warned that climate change is imposing a heavy development burden on vulnerable countries.
Key Points
- Balendra Shah told the UN General Assembly that catastrophic floods in Nepal were a warning to the world and demanded urgent climate action and solidarity.
- He said Nepal needs grant-based support for recovery and reconstruction, arguing that climate finance and the Loss and Damage Fund remain inadequate.
- Shah proposed a Himalayan Climate Resilience Mechanism involving Nepal, India and China to improve data sharing, early warning and cross-border coordination.
- He said Nepal’s experience shows the need for a fairer global economic order and better multilateral cooperation for small and vulnerable countries.
