Loss and Damage Fund calls extraordinary meeting for Oct 22 to support Nepal
Summary
The Loss and Damage Fund will hold an extraordinary meeting on October 22 to consider emergency funding for Nepal after devastating floods caused by an ice-and-rock avalanche in August. The board may set aside $21.6 million, including $20 million for Nepal, as the country seeks faster access to climate disaster assistance.
Key Points
- The Board of the Fund for Responding to Loss and Damage will hold its first extraordinary meeting on October 22 to discuss emergency support for Nepal.
- Members may provisionally set aside $21.6 million, including $20 million for possible support to Nepal and $1.6 million for oversight fees.
- Nepal's August floods caused by an ice-and-rock avalanche damaged the Bhotekoshi–Trishuli–Narayani river system, with losses estimated at $2.69 billion and recovery needs at $4.71 billion.
- The meeting could help shape future rapid-response procedures for climate-related disasters in vulnerable countries.
