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Core Objectives
Establishment of National Disaster Risk Management Fund
Investment to Reduce Vulnerabilities against National Disaster
Improved Fiscal Management of National Disaster
Establishment of National Disaster Risk Management Fund
Establishment of National Disaster Risk Management Fund
Establishment of National Disaster Risk Management Fund
Establishment of National Disaster Risk Management Fund
Strategic Objectives
Financial Autonomy
- Income from endowment fund to finance NDRMF establishment and operating expenses
- Balance earning from endowment fund to be utilized for funding projects
- Release of the text tranche of US$ 250-300 Million from ADB is being processed (2020-2023) by ADB
- Independent financial management procedures and systems, satisfying all donor requirements/needs, ultimately leading to a full autonomous entity to attract funding from other donors are functional
- Explore the possibility of obtaining dormant funds from different projects of the Government
- Tap Additional funding sources, within and outside the country
Institutional Development
- FIP accreditation and project selection criteria fully operationalized
- All procedures for project approval simplified for fast track approvals
- Institutionalize development and operational processes in line with best international practices
- Develop a central repository of knowledge on DRR & DRF
- Ensure environment, gender and social safeguard policies are mainstreamed in all the projects
- to develop , fine tune, customize, mature and operationalize own procurement, financial management , audit and business processes, monitoring and evaluation policies and practices to a level which will be acceptable to all development partners
- Creating a stable and productive organization
Corporate Governance & Compliances
- Ensuring compliance of all the applicable legislations and loan covenants with improved coordination with regulators, donors and other stakeholders
Operational Milestones
- National and subnational emergency response plans are developed
- A MHVRA (including climate change and gender-related vulnerabilities) is completed in 20 vulnerable cities and/or district
- CBDRM plans are completed in 50 vulnerable union councils or urban centers
- At least 300 km of new or retrofitted flood protection infrastructure financed by the NDRMF are constructed
- An Additional 500 public buildings financed by the NDRMF (in the social sector) are made safe and resistant to multiple hazards
- Enhance the geographic coverage area of early warning systems by 10 %
Startup Strategy
- Critical mass of Projects covering all geographic regions and thematic interventions through a balanced mix of FIPs( Both public and non-public) are completed.
- Working with existing implementation partners that are already accredited with international and national agencies.
- Projects with high level of preparedness, impact and visibility to get priority.
Financial Autonomy
- Income from endowment fund to finance NDRMF establishment and operating expenses
- Balance earning from endowment fund to be utilized for funding projects
- Release of the text tranche of US$ 250-300 Million from ADB is being processed (2020-2023) by ADB
- Independent financial management procedures and systems, satisfying all donor requirements/needs, ultimately leading to a full autonomous entity to attract funding from other donors are functional
- Explore the possibility of obtaining dormant funds from different projects of the Government
- Tap Additional funding sources, within and outside the country
Institutional Development
- FIP accreditation and project selection criteria fully operationalized
- All procedures for project approval simplified for fast track approvals
- Institutionalize development and operational processes in line with best international practices
- Develop a central repository of knowledge on DRR & DRF
- Ensure environment, gender and social safeguard policies are mainstreamed in all the projects
- to develop , fine tune, customize, mature and operationalize own procurement, financial management , audit and business processes, monitoring and evaluation policies and practices to a level which will be acceptable to all development partners
- Creating a stable and productive organization