Historic FRLD decision opens climate finance support for Nepal

Kathmandu, Oct. 25: For the first time in its history, the Fund for Responding to Loss and Damage (FRLD) has decided to provide US$20 million (around Rs. 3 billion) in grant assistance to Nepal to support rehabilitation and reconstruction following the devastating floods of August 26, 2026, which claimed 1,500 lives, left more than 5,000 people missing and affected over 60,000 others.