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Nepal Urges UN Loss Fund Climate Compensation After Floods

9/7/2026

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Summary

Story summary

Nepal's government asked the UN Loss and Damage Fund for climate compensation on Sept. 1 after floods.
Floods killed 1,250, left thousands missing, and caused at least $5 billion in recovery costs.
Nepal's debt is 48% of GDP while the UN fund has paid only $485 million of $822 million pledged.
The board will meet mid-December in Manila while no grants have been allocated.
Experts warn the fund may exhaust its capital by end-2027.

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Story summary

Nepal's government asked the UN Loss and Damage Fund for climate compensation on Sept. 1 after floods.
Floods killed 1,250, left thousands missing, and caused at least $5 billion in recovery costs.
Nepal's debt is 48% of GDP while the UN fund has paid only $485 million of $822 million pledged.
The board will meet mid-December in Manila while no grants have been allocated.
Experts warn the fund may exhaust its capital by end-2027.