Loss and damage fund delays first project approvals as needs dwarf resources

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The board of the UN’s fledgling Fund for Responding to Loss and Damage (FRLD) has decided to consider its first package of projects for support at its next meeting in December, confounding expectations that it might back an initial set of four proposals this week.

The fund faces a substantial dilemma about how to select projects to receive its limited resources after its first call for proposals saw nearly 180 submissions requiring around $2.8 billion. It currently has only $250 million available to allocate, although the board agreed on Friday to release $100 million more in the face of overwhelming demand.

Much of the three-day board meeting in Manila was held behind closed doors, making it difficult for civil society experts present to know what was happening. Draft decisions were projected on a screen and finalised at the end of the meeting before being adopted on Friday.

During the closing session, government board members and observers alike expressed frustration at the huge gap between the growing needs of communities struggling with worsening climate change disasters and the paltry amounts on offer to help them recover.

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