Nepal to submit proposal to access FRLD grant for flood recovery
Summary
Nepal will submit a proposal to access about Rs 3 billion in grant assistance from the Fund for Responding to Loss and Damage to support recovery from devastating floods in the Bhotekoshi and Trishuli river systems. The government says the money will go toward relief, rehabilitation and reconstruction for affected communities once formal procedures are completed.
Key Points
- The Fund for Responding to Loss and Damage has agreed to provide grant assistance to Nepal for flood recovery after its first extraordinary meeting.
- Nepal will prepare and submit a proposal through an authorized organization once the fund’s secretariat sends formal guidelines and confirmation.
- The proposed support will prioritize rehabilitation, livelihood restoration and reconstruction for communities affected by floods in the Bhotekoshi and Trishuli river systems.
- Preliminary estimates say around 1,500 people died, more than 5,000 remain missing, and reconstruction needs could reach about US$4.7 billion.
