UN Approves $20 Million Aid to Nepal for Flood Recovery
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Fund for Responding to Loss and Damage approved $20 million in assistance for Nepal to support relief, rehabilitation, and reconstruction in communities affected by the August 26 floods. This decision followed a request from the Nepal government for urgent support. The floods caused an estimated USD 2.69 billion in economic losses, with recovery needs estimated at USD 4.71 billion.
From prokerala.com
Why it matters
The aid is intended to help affected communities recover from extensive damage caused by the extreme weather event. The Fund for Responding to Loss and Damage was established under the United Nations climate change framework to help vulnerable developing countries address the economic consequences of climate change.
The United Nations and the Government of Nepal are jointly leading the UNSDCF process.
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Who's involved
- United NationsEstablished the Fund for Responding to Loss and Damage (FRLD) to assist vulnerable countries.
- NepalThe country receiving the $20 million assistance for disaster recovery and reconstruction.
- Swarnim WagleFinance Minister who jointly sought expedited support for affected communities.
- Geeta ChaudharyMinister of Agriculture, Forests and Environment who jointly sought expedited support for affected communities.
- Government of NepalThe national government of Nepal responsible for disaster recovery and reconstruction.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Government of NepalSpeculative
The Government of Nepal might see a direct funding injection from the FRLD for national disaster recovery and reconstruction.
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The entities involved
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United Nations
global international and intergovernmental organization
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Nepal
country in South Asia
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Swarnim Wagle
Senior Team Leader for Strategy, Policy and Partnerships (SPP) at the UNDP Regional Bureau for Asia and the Pacific
Related events
- A UN fund provided aid to flood-stricken Nepal.
- The United Nations approved $20 million in financial assistance for Nepal.
- Nepal and the World Bank signed a mandate to explore a catastrophe bond to help finance disaster recovery.
- The United Nations assessed humanitarian needs in Nepal following severe flooding.