National Disaster Risk Management Fund launched
(WorldNews Pakistan)

ISLAMABAD: The government on Monday formally launched a $205 million National Disaster Risk Management Fund (NDRMF) to improve preparedness of institutions and strengthen infrastructure to mitigate risks arising out of natural disasters and minimise loss to public life and property. The initial financing of NDRMF is through a $200m loan of the Asian Development Bank (ADB) to the federal government and two grants worth $3.4m from Australia and $1.5m from Switzerland. The ADB plans to enhance its funding beyond $1 billion over the next decade. The government has made these funds available to the NDRMF as a grant to finance through onward grants to eligible implementing partners both from...