Nepal to receive first-ever UN loss and damage fund payout after Bhotekoshi floods

The UN Loss and Damage Fund has allocated $21.6 million to Nepal, its first country-specific payout, following August's Bhotekoshi floods. The sum is a fraction of the estimated $5 billion needed for recovery, highlighting the fund's limited scale relative to climate-linked losses. This sets a precedent for future disbursements but underscores the gap between pledged support and actual needs.

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