Nepal set to receive first-ever US$20 million payout from UN climate damage fund

Nepal must provide a proposal to receive the funding, which amounts to less than 0.5 per cent of the US$4.78 billion reconstruction estimate

Camila Minerva Rodriguez Tavarez, the Dominican co-chair of the board, called the outcome “truly historic” and thanked members for “allowing us to act promptly and have a response to Nepal”.