Islamabad: The National Disaster Risk Management Fund (NRDMF) has received funds of USD 230 million by various organisations for upgrading disaster risk operations, as per a news source. Activities for Disaster Risk Reduction (DRR) will be funded with USD 200 million by the Asian Development Bank, USD 25 million by the Government of Pakistan, USD 3.4 million by AustralianAid and USD 1.5 million by Swissaid.
The NRDMF will help finance investment in disaster risk reduction, National Disaster Management Plan (NDMP) and National Flood Protection Plan-IV would be the guiding documents for project selection. The NRDF’s sustainability has been ensured through an endowment of USD 123 milllion, whereas, first three years’ establishment cost will be borne by the ADB.
The NDRMF, through its integrated policy framework, allows space for other donors to contribute with a broad spectrum of Fund Implementation Partners (FIPs), government entities, United Nations agencies, and International or local Non-governmental Organisations.
The project primarily focuses on developing national and sub-national emergency response plans, Multi Hazard and Vulnerability Risk Assessment in twenty cities and districts, community-based disaster risk management activities in fifty councils (UCs) and urban centres, retrofitting and new construction of at least 300 km flood protection infrastructure with 500 social sector public holdings.
