AGP Executive Report
Last update: 8 hours agoFlood Recovery: The Rasuwa disaster left 1,455 dead and 5,285 unaccounted for, while destroying hydropower plants, roads and towns. Nepal faces an estimated $4.7 billion in recovery needs and has appealed to the UN loss-and-damage fund, which has yet to release aid, as families wait and the country takes on more loans. Climate Finance: Nepal is finalising its COP31 position, pressing for faster access to climate funds, grants for loss and damage, and support for adaptation and disaster-risk reduction. Industry: A fire at Ambe Steel in Banke caused an estimated Rs 15.6 million in damage; officials say an electrical short circuit sparked the blaze. Financial Relief: Malaysia’s central bank says repayment deferments have been extended to families of flood victims, with banks and insurers also considering fee waivers and help with claims.
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