GDP of the least developed countries is currently $1.5Trillion. For them $250billion would be a massive help.

Also Panama as a high income country. That they are asking developed countries for money is strong. I do get that the definition between high income and developed is a bit different, but Panama is rich enough to pay for its own damage and if anything should seriously think about paying into the found.

A single major climate incident costs billions to address, so yeah that number is way too low

yeah, the earth nor the climate really accept dollars as a currency