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 devastating floods in the Bhote Koshi and Trishuli river regions. The floods affected more than 60,000 people and caused severe loss of life and economic damage.
Key Points
- The Fund for Responding to Loss and Damage approved a $20 million grant for Nepal after severe flooding in the Bhote Koshi and Trishuli river regions.
- The Nepal government had requested assistance on August 31 to support affected communities and reconstruction work.
- Preliminary assessments put the floods' death toll at around 1,500, with more than 5,000 people missing and economic damages estimated at $2.7 billion.
- Nepal must submit a detailed project proposal before it can access the funds.
