Nepal, Oct. 22 -- The Board of the Fund for Responding to Loss and Damage (FRLD) has approved a $20 million grant for Nepal to support recovery and reconstruction following devastating floods in the Bhote Koshi region.

The decision was made at the Fund's first special virtual Board meeting on Thursday, convened after Nepal formally requested emergency financial assistance in the wake of the disaster. Nearly all Board members, alternate members and representatives attending the meeting expressed support for providing assistance to Nepal.

The approval marks a significant step towards securing international support for Nepal as it confronts the growing impacts of climate change and seeks to address the losses and damage caused by climate-...