UN Loss & Damage Fund allocates $21.6 million to Nepal

The UN's Fund for Responding to Loss and Damage provisionally approved $21.6 million for Nepal on Thursday, its first-ever country allocation, following August's Bhote Koshi River floods that killed 1,000 and left 5,000 missing. The amount covers only 0.7% of estimated $2.56 billion in damages. Nepal must formally apply and the Board decides in December.