The Fund for Responding to Loss and Damage approved 21.6 million dollars for Nepal, its first country-specific allocation, though the sum covers a sliver of reconstruction needs.

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• The Fund for Responding to Loss and Damage approved 21.6 million dollars for Nepal at its first extraordinary virtual meeting on October 22, 2026.
• It is the first time the Fund has earmarked money for a specific country.
• The money is meant for rebuilding after floods triggered on August 26, 2026, by an ice-and-rock avalanche along the Bhotekoshi-Trishuli-Narayani river system.
• Nepal requested 20 million dollars against estimated recovery needs of about 4.75 billion dollars, so the payout is under 0.5 percent of reconstruction costs.
• Of the approved amount, 1.6 million dollars goes to oversight fees for implementing organisations.
• Funds will be released only after Nepal's formal request is reviewed at the Fund's tenth meeting in Manila in December 2026.
• The Board approved a pilot mechanism allowing Nepal to submit its request outside the normal closed submission window.
• The Fund was agreed at COP27 in 2022, its governing instrument was adopted at COP28 in 2023, and it operates under the UNFCCC financial mechanism.
• As of March 2026, 27 countries had pledged 822.06 million dollars, with a start-up allocation of 342 million dollars, at least half reserved for small island states and least developed countries.
• The first funding call drew 176 requests from 119 countries worth about 2.8 billion dollars, and the Board deferred those decisions to December 2026.
• India has made three requests to the Fund.
• The United States withdrew its board representation in January 2025, and the decision comes weeks before COP31 opens in Turkiye.