Brief by Shorts91 Newsdesk / 05:27am on 24 Oct 2026,Saturday International
The United Nations’ Fund for Responding to Loss and Damage has provisionally set aside $21.6 million for Nepal following devastating floods on August 26, 2026. The decision, taken on October 22, includes $20 million in potential assistance and $1.6 million for oversight costs. The disaster killed around 1,500 people, left thousands missing and caused extensive damage to infrastructure. Nepal estimates reconstruction needs at approximately $4.7 billion. This marks the fund’s first response to a specific climate-related disaster, highlighting growing calls for faster international climate finance for vulnerable countries. (PC: File)
