Grant of three billion rupees has been approved to Nepal from the Climate Damage Fund
-
Media Baaji
- Fri, 23 October 2026
Kathmandu. For the relief, rehabilitation and reconstruction of the communities affected by the devastating floods in the Bhotekoshi and Trishuli rivers due to climate change, the Climate Damage Loss and Damage Fund has decided to provide Nepal with 20 million US dollars and about 3 billion Nepalese rupees.
According to the Ministry of Agriculture, Forestry and Environment, the special meeting of the fund held on Thursday decided to provide the aid amount to Nepal. According to Dr. Maheshwar Dhakal, Joint Secretary of the Ministry and Head of Climate Change Management Division, the Government of Nepal made an official request for assistance to the Board of the Fund on August 31 to deal with the huge loss of people's wealth caused by the flood.
Dr. Dhakal, who is also Nepal's National Liaison Officer and Alternate Board Member for the Fund, informed that intensive discussions and coordination were held with board members from developed and developing countries at various stages to pass Nepal's proposal.
Express
Related News
Yeti Brewery to issue IPO through book building method
Kathmandu. Yeti Brewery Limited has called a special general meeting at the registered office in Naxal at 11 am on Saturday 2nd June with the proposal to issue IPO through book building method.
The meeting will pass a resolution to conduct t...
ADB forecasts that economic growth will be limited to 2.7 percent
Kathmandu. The Asian Development Bank ADB has released a forecast that Nepal's economic growth rate will be limited to 2.7 percent in 2026. According to the 'Asian Development Outlook April 2026' published by ADB, this rate was 4.6 percent in the...
Richet Hydro to issue IPO to public, appoint RBB Merchant Banking as sales manager
Kathmandu. Upper Richet Hydropower Pvt Ltd has prepared to issue IPO for general public. The company has appointed RBB Merchant Banking Limited as the issue and sales manager. The agreement was signed by the executive chairman of the company, Anan...
Dollar to Qatari riyal: Here are the foreign currency exchange rates today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for today 9 Monday 0. Today, while the exchange rates of some currencies including the US dollar, Kuwaiti and Bahraini dinars remain stable, the value of the curre...
Tourism professionals are excited about the Pokhara-Dubai flight
Gandaki The departure and arrival hall of the Pokhara International Airport, which looked deserted before, was bustling from Wednesday afternoon. After Fly Dubai started its regular commercial flight Dubai-Pokhara-Dubai, a crowd of relatives was s...
The government will give 25,000 per family displaced from the river banks of the valley
Kathmandu. The government has decided to provide a lump sum of Rs 25,000 as a relief to the families who will be displaced after the removal of hazardous settlements on the banks of various rivers in Kathmandu Valley. The cabinet meeting held at S...