FRLD provides 20 million US dollars to Nepal
Summary
The Fund for Responding to Loss and Damage has approved a $20 million grant for Nepal to support relief and reconstruction after severe floods in the Bhotekoshi and Trishuli river regions. The floods affected more than 60,000 people and caused major losses and damage, with Nepal required to submit a project proposal to access the funds.
Key Points
- The Fund for Responding to Loss and Damage (FRLD) approved a $20 million grant for Nepal after severe flooding in the Bhotekoshi and Trishuli river regions.
- The floods affected more than 60,000 people across about 15,000 households and caused estimated initial damages of $2.7 billion.
- Nepal must submit a detailed project proposal to access the funds for flood-impacted communities.
- The FRLD is a UNFCCC-mandated financial instrument created to support vulnerable countries facing climate-related losses and damage.
