What Steps Entail After FRLD Decision
Summary
Nepal’s provisional US$21.6 million allocation from the Fund for Responding to Loss and Damage is an important diplomatic win, but the country still faces a reconstruction bill of Rs. 723.31 billion after the Bhotekoshi floods. The government must now move quickly to prepare a funding proposal, build a national recovery framework and mobilize additional domestic and international financing.
Key Points
- Nepal has secured provisional support of US$21.6 million from the Fund for Responding to Loss and Damage after the Bhotekoshi floods.
- The country’s recovery and reconstruction needs are estimated at about Rs. 723.31 billion, far beyond the FRLD allocation.
- The government is urged to prepare a technically sound funding proposal and set up a coordinated national reconstruction framework.
- Additional financing is recommended from multilateral lenders, bilateral partners, climate funds, the private sector and diaspora initiatives.
