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
Here is the foreign currency exchange rate for today
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for 9 Saturday 0 today. According to the National Bank, the buying rate of one US dollar has been fixed at 154 rupees 21 paisa and the selling rate is 154 rupees 81 pai...
What is the foreign currency exchange rate for Monday?
Kathmandu. Nepal Rastra Bank has announced the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at Rs 152.08 and the selling rate at Rs 152.68. Similarly, the buying rate of Eu...
Moving towards the construction of 1200 MW Budhigandaki hydropower project
Kathmandu. The Budhigandaki hydropower project with a capacity of 1200 MW has progressed towards the construction stage. With the agreement between the Ministry of Finance and the National Planning Commission on the investment framework of this pr...
China to launch new action plan to strengthen digital currency management and operations
Kathmandu. China has announced that it will launch a new 'action plan' to strengthen the management and operation of its digital currency from January 1. Lu Lei, the deputy governor of People's Bank of China PBOC, the country's central bank, gave...
Samling Power appoints SBI Merchant Banking as sales manager for rights issue
Kathmandu. Samling Power Company is going to issue rights shares. The company has appointed Nepal SBI Merchant Banking as the rightful share manager. The company has appointed SBI Merchant Banking as sales manager on 21st January.
The compan...
Reactivated after five years, Nepal-India joint agricultural system, emphasis on trade and technology
Kathmandu. The ninth meeting of the Joint Agriculture Working Group, which was formed with the aim of giving a new impetus to the strategic cooperation in the agricultural sector between Nepal and India, has been completed in Kathmandu after five...