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Loss and Damage Fund takes historic first emergency step for Nepal, but $20 million “a fraction of the need,” campaigners warn
In a historic first, the Fund for Responding to Loss and Damage (FRLD) convened an extraordinary meeting to provisionally set aside $20 million for Nepal following the catastrophic Bhote Koshi flash floods. However, with Nepal’s recovery and reconstruction needs estimated at $4.71 billion, the Fill the Fund campaign warns that this allocation represents less than half a percent of the actual need—underscoring the urgent necessity for a permanent rapid-response mechanism and c
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