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Nepal to get $20 million from climate fund after deadly August flood
KATHMANDU: Nepal will receive $20 million in aid from the United Nations’ climate loss and damage fund after the devastating flood along its border with China’s Tibet region in August, the government said late on Thursday. The August 26 flood killed about 1,500 people and more than 5,000 are still missing. The flood affected about 60,000 people from 15,000 families, according to official data, and caused losses estimated at about $2.7 billion to infrastructure including roads, bridges, schools and 13 hydropower plants. Nepal floods could cost insurers over $130 million even before death...
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