Loss and Damage Fund Board approves $20 million grant for Nepal
Summary
The Loss and Damage Fund Board has approved a $20 million grant for Nepal to support recovery and reconstruction after devastating floods in the Bhote Koshi region. The funding will help affected communities while Nepal prepares a project proposal under the Fund’s Barbados Implementation Modalities process.
Key Points
- The Board of the Fund for Responding to Loss and Damage approved a $20 million grant for Nepal after the Bhote Koshi floods.
- Nepal will use the Fund’s Barbados Implementation Modalities process to prepare and submit a programme proposal.
- The floods directly affected more than 60,000 people, killed around 1,500 and left more than 5,000 missing, with damage estimated at $2.7 billion.
- The Fund’s 11th Board meeting is scheduled to be held in Kathmandu in March 2027.
