India, Oct. 23 -- The Fund for Responding to Loss and Damage has provisionally set aside $21.6 million for Nepal's August 2026 floods, marking its first response to a specific disaster.

The allocation covers less than 0.5% of Nepal's estimated $4.77 billion recovery needs, highlighting the gap between available funding and the scale of the destruction.

Climate campaigners have welcomed the decision but criticised the time taken to respond, calling for a permanent rapid-response mechanism.

Activists are also demanding greater financial contributions from developed countries and direct access to funding for communities affected by climate disasters.

The Fund for Responding to Loss and Damage (FRLD) has provisionally set aside $21.6 mill...