Latest · Friday, 23 October 2026

Loss and damage fund sets aside $20 million for Nepal's flood recovery

The board of the loss and damage fund agreed on Thursday to set aside $20 million for Nepal after the August flood, pending a proposal from the government. Palpa farmers reported a fungal disease in paddy just before harvest. NEPSE stayed shut for Dashain.

• The board of the Fund for Responding to Loss and Damage agreed on Thursday to set aside $20 million for Nepal's response to the August 26 flood, with Nepal invited to submit a proposal first.
• Farmers in Palpa estimate a fungal disease called kalopoke could cut the district's rice output by 15 to 20 percent, The Kathmandu Post and Kantipur reported.
• The Manaslu-Larke Pass trek has partly reopened after the Budhi Gandaki flood, but the Chum Valley route is still closed, Kantipur reported.