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Global Business / The Economic Times

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Nepal to get $20 million from climate fund after deadly August flood

Nepal will receive $20 million in aid from the UN's climate loss and damage fund after devastating floods. The floods, which occurred in August, resulted in approximately 1,500 fatalities and thousands missing. Essential infrastructure, including roads and schools, suffered massive damage, with estimated losses reaching about $2.7 billion. The reconstruction costs could exceed $4.7 billion, as reported by the Nepalese government.

23 Oct 2026 7:47 am