UN Loss and Damage Fund Approves $21.6 Million Payout to Nepal for Floods

The UN Loss and Damage Fund approved a $21.6 million payout to Nepal to support recovery efforts following devastating flash floods in August.

This marks the first time the climate damages fund has earmarked financial assistance for a specific country during an extraordinary board meeting.

The August flash floods along the Bhotekoshi–Trishuli–Narayani river system caused an estimated economic loss of at least $2.69 billion in Nepal.