Loss and Damage Fund approves $20 million flood relief grant for Nepal
Summary
The Fund for Responding to Loss and Damage has approved a $20 million grant for Nepal to support relief, rehabilitation, and reconstruction after climate-induced flooding along the Bhote Koshi and Trishuli rivers. The floods affected more than 60,000 people, with the government estimating nearly 1,500 deaths and billions of dollars in damage.
Key Points
- The Fund for Responding to Loss and Damage approved a $20 million grant for Nepal after severe flooding along the Bhote Koshi and Trishuli rivers.
- The Nepal government requested assistance on August 31, and the decision followed negotiations with board representatives from developed and developing countries.
- Flooding on August 26 affected more than 60,000 people across about 15,000 households, with nearly 1,500 deaths and over 5,000 people missing.
- Estimated direct damage stands at $2.7 billion, while long-term reconstruction costs are projected at $4.7 billion.
