The Aporia
Bureau, T. H. (2026, October 23). Nepal to receive first-ever loss and damage fund payout after devastating floods. The Hindu. https://www.thehindu.com/videos/nepal-to-receive-first-ever-loss-and-damage-fund-payout-after-devastating-floods/article71614805.ece
Bureau, The Hindu. “Nepal to receive first-ever loss and damage fund payout after devastating floods.” The Hindu, 23 Oct. 2026, https://www.thehindu.com/videos/nepal-to-receive-first-ever-loss-and-damage-fund-payout-after-devastating-floods/article71614805.ece.
Bureau, The Hindu. “Nepal to receive first-ever loss and damage fund payout after devastating floods.” The Hindu, October 23, 2026. https://www.thehindu.com/videos/nepal-to-receive-first-ever-loss-and-damage-fund-payout-after-devastating-floods/article71614805.ece.
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The United Nations’ Loss and Damage Fund has earmarked $21.6 million for Nepal to address the damage from climate-induced floods that struck the country in August 2026. This is the first time the fund has allocated money specifically for a nation impacted by climate change, marking a historic moment according to Camila Minerva Rodriguez Tavarez, the Dominican co-chair of the board. The funds are intended to help Nepal recover from extensive damage caused by an ice-and-rock avalanche that triggered flooding along the Bhotekoshi-Trishuli-Narayani river system on August 26. However, at less than 0.5% of Nepal's estimated reconstruction costs of nearly $5 billion, the allocated amount is a small fraction of what is needed for recovery. The actual disbursement will be contingent upon Nepal submitting further project proposals and clearing bureaucratic requirements, which could delay vital relief efforts amid an ongoing structural crisis.
Climate experts have welcomed the decision as a landmark step