BUSINESSLiveMint · 3 hours agoLive
Nepal gets $20 mn in UN aid after $2.7 bn flood losses: Is climate finance failing vulnerable nations?
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WHAT HAPPENED
Nepal will receive $20 million from the UN’s loss and damage fund after August floods killed around 1,500 people and caused $2.7 billion in infrastructure losses. With reconstruction costs topping $4.7 billion, the aid highlights the gap between climate finance and vulnerable nations’ needs.
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