KATHMANDU, 23 October, 2026 (Nosheen): Nepal will receive $20 million in assistance from the United Nations’ Fund for Responding to Loss and Damage (FRLD) following the devastating floods that struck the country’s border region with China’s Tibet in August, the government announced on Thursday. The floods, which occurred on August 26, killed approximately 1,500 people, while more than 5,000 remain missing. According to official data, the disaster affected around 60,000 people from 15,000 families and caused an estimated $2.7 billion in damage to infrastructure, including roads, bridges, schools and 13 hydropower plants. Preliminary official estimates suggest that reconstruction costs could exceed $4.7 billion, making the $20 million UN assistance less than one per cent of the total amount required. Nepal’s Ministry of Agriculture, Forests and Environment said the funding would help address the severe damage caused by the climate-related disaster. The country had formally requested assistance from the fund in August, less than a week after the floods. Prime Minister Balendra Shah, 36, highlighted the disaster’s global significance in his maiden address to the United Nations in September, describing it as a warning to the international community and attributing the flooding to climate change, despite Nepal’s negligible contribution to global greenhouse gas emissions.