Historic FRLD decision opens climate finance support for Nepal
Summary
The Fund for Responding to Loss and Damage has approved US$20 million in grant assistance for Nepal, marking the first such allocation in its history. The money will support rehabilitation and reconstruction after the devastating August 2026 floods, but Nepal must still submit a proposal and complete the required procedures before accessing it.
Key Points
- The FRLD has decided to provide Nepal with US$20 million in grant assistance for rehabilitation and reconstruction after the August 2026 floods.
- This is the first allocation ever made by the FRLD, making Nepal the first country to receive such support.
- Nepal still needs to submit a project proposal and complete Fund procedures before the money can be accessed.
- Officials say the grant will not cover the full recovery cost, so Nepal must mobilize additional domestic and international finance.
