Islamabad, 16th May 2019
The National Disaster Risk Management Fund (NDRMF) will fund Rupees 127.6 million to Islamic Relief Pakistan (IRP) for their Project Title: Resilience and Adoptive Population in Disaster (RAPID). The said financial support will be extended to the respective entities as grant financing. Grant Implementation Agreement between NDRMF and Islamic Relief (IRP), were signed in this regard here on Thursday afternoon.
The RAPID project is designed to better protect and enhance resilience with the outcome of communities and vulnerable groups unable to maintain a normal pace of life and secure assets in the phase of climate inductive disaster. It involves the construction of flood protection structures, water conservation structures and retrofitting of public facilities (School/Health facilities). In addition, the Project focuses on interventions including installation of Early Warning systems, Community Based Disaster Risk Management (CBDRM), School-Based Disaster Risk Management (SBDRM) and School-Based First Aid Trainings. The Project will be covering Forty (40) Revenue Villages of twelve (12) Union Councils in Two (02) districts of Baluchistan namely, Quetta and Changi. The implementation period is eighteen (18) months.
The total cost of the Project is Pak. Rs. 192.60 million amongst which NDRMF will finance 66.28% up to Pak. Rs. 127.60 million whereas IRP 33.70% contribution shall be Pak. Rs. 64.95 million. The proposed interventions are in line with the National Disaster Management Plan (NDMP) and National Flood Protection Plan (NFPP) – IV.
The GOP had been working with a number of development partners to identify opportunities and mechanisms to enhance the financial management of disaster risk. These initiatives resulted in the establishment of multi-donor NDRMF. It is a government-owned not-for-profit company with a corporate structure, incorporated with the Securities and Exchange Commission of Pakistan, under Section 42 of the Companies Ordinance 1984. NDRMF will finance up to 70% of eligible projects cost while 30% of the total project cost shall be borne by the fund implementing partners. It will work for reducing the socioeconomic and fiscal vulnerability of the country & its population to natural hazards and climate change, through financing investments in DRR and preparedness that have high economic impacts.
