The Loss and Damage Fund is reserving aid for a specific disaster in Nepal for the first time.

The Fund for Responding to Loss and Damage (FRLD) has allocated 20 million dollars to assist victims of the severe flooding that affected Nepal in August. This decision marks the first time the international mechanism has earmarked specific resources for a particular disaster event.

Established to provide financial support to vulnerable nations impacted by climate-related catastrophes, this action represents a significant milestone in the fund's operational history. The aid is intended to address the immediate aftermath of the flooding, signaling a shift toward direct, disaster-specific intervention.