What is the importance of the UN Loss and Damage Fund’s payout to Nepal? | Explained
The United Nations’ Loss and Damage Fund approved a $21.6 million payout to Nepal on October 25, 2026, aimed at addressing climate-related damages. This payout is part of a larger commitment, with 27 countries pledging $822.06 million to the fund. The funding is crucial for Nepal as it faces increasing climate challenges and recovery efforts.