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Nepal to get $20 million from climate fund after deadly August flood

  • The August 26 flood killed about ​1,500 people and more than 5,000 are ​still missing
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KATHMANDU: Nepal will receive $20 million in aid from the United Nations’ climate loss and damage ​fund after the devastating flood along its ‌border with China’s Tibet region in August, the government said late on Thursday.

The August 26 flood killed about ​1,500 people and more than 5,000 are ​still missing.

The flood affected about 60,000 people from ⁠15,000 families, according to official data, and ​caused losses estimated at about $2.7 billion to infrastructure ​including roads, bridges, schools and 13 hydropower plants.

Nepal floods could cost insurers over $130 million even before death, injury claims

Early official estimates show reconstruction bills could top $4.7 billion.

The UN climate aid accounts ​for less than 1% of what Nepal ​needs to cover the cost of the flood.

The support from ‌the ⁠Fund for Responding to Loss and Damage (FRLD) was to “help address the severe damage caused by climate-related disaster,” the Ministry of Agriculture, Forests and Environment said ​in a ​statement.

Nepal had ⁠sought the assistance in a letter to the FRLD in August, less ​than a week after the flood.

South Korean foreign minister to visit Nepal during through Monday

Prime Minister ​Balendra ⁠Shah, 36, in his maiden speech to the United Nations in September, said Nepal’s disaster served as ⁠a ​warning to the world and ​he blamed climate change for the flood despite his country’s ​negligible emissions.

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