Kathmandu. The United Nations' Loss and Damage Fund has decided to provide Nepal with aid equivalent to approximately NPR 3 billion. This significant financial assistance from the international community was announced following the severe damage caused by the floods in the BhoteKoshi and Trishuli rivers on August 26.
The fund, established to address disasters caused by climate change, decided on a grant of USD 20 million as per Nepal's request. From a climate diplomacy perspective, receiving this much-awaited grant in the first phase, shortly after the fund's establishment, is considered a historic milestone for Nepal. However, compared to the devastating picture of the damage and the required reconstruction budget, this amount is like a 'drop in the ocean'.
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