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UN Loss and Damage Fund Approves $20M for Nepal

By Drooid · Oct 23, 2026, 3:04 PM UTC · How we work

Summary

Story summary

The UN Loss and Damage Fund provisionally allocated $20 million to Nepal after the August 26, 2026 floods.
Finance Minister Swarnim Wagle and Agriculture Minister Geeta Chaudhary requested the assistance on August 31.
The floods killed over 1,400 people, left more than 5,000 missing, and affected 60,000 people.
Joint secretary Maheshwar Dhakal called the $20 million approval a historic climate-finance milestone.
The fund’s extraordinary board met on October 22, 2026, including a $1.6 million oversight fee.

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Story summary

The UN Loss and Damage Fund provisionally allocated $20 million to Nepal after the August 26, 2026 floods.
Finance Minister Swarnim Wagle and Agriculture Minister Geeta Chaudhary requested the assistance on August 31.
The floods killed over 1,400 people, left more than 5,000 missing, and affected 60,000 people.
Joint secretary Maheshwar Dhakal called the $20 million approval a historic climate-finance milestone.
The fund’s extraordinary board met on October 22, 2026, including a $1.6 million oversight fee.