#loss-and-damage-fund

UN calls Nepal's glacier flood a 'defining moment', pegs recovery needs at $4.8 billion

The head of UNOPS, Jorge Moreira da Silva, said the August glacier flood in Nepal was one of the deadliest climate disasters ever, with recovery needs estimated at $4.8 billion — about 10 per cent of Nepal's GDP. A $50-million flash appeal has raised only $24.5 million so far.