Activities

The DRF Unit is undertaking a series of consultations across the country to apprise the key stakeholders of the DRF mandate of the Fund and the need to synchronize the efforts required to ensure synergy. Some of the key events organized within DRF and the meetings that have taken place with significant stakeholders are given in the following:

National Consultation on Disaster Risk Financing – Dubai (Jul 03-05, 2019)

A national consultative workshop on Disaster Risk Financing was jointly organized by NDRMF, Ministry of Finance, and the World Bank. The event took place from July 03-05, 2019 in Dubai. Key stakeholders from Pakistan participated in the event. Participants also included representatives from FONDEN (Mexico), Turkish Catastrophe Insurance Pool, TCIP (Turkey), Bureau of Treasury of the Philippines (Philippines), DFID (UK).

Opening Dialogue on Disaster Risk Financing – Islamabad (Jun 25, 2019)

A policy-level dialogue was held as ‘Opening Dialogue on Disaster Risk Financing’ in Marriott, Islamabad. The event was jointly organized by NDRMF and the Swiss Embassy in Islamabad, Pakistan.  The event took place on June 25, 2019. Key stakeholders from Pakistan participated in the event. Participants also included representatives from FONDEN (Mexico), Turkish Catastrophe Insurance Pool, TCIP (Turkey), Bureau of Treasury of the Philippines (Philippines), DFID (UK).

DRF Synergy Group Meeting – Islamabad (Mar 05, 2019)

NDRMF established the DRF Synergy Group, in order to help achieve an enhanced level of coordination amongst key stakeholders and a great synergy for disaster risk financing in Pakistan. The first DRF Synergy Group meeting was held on March 05, 2019 at Islamabad Club. Participants from all the key stakeholders discussed key challenges faced in developing the national DRF strategy.

2nd InsuResilience Global Partnership Forum – Katowice (Dec 10, 2018)

The 2nd InsuResilience Global Partnership Forum was organized on Dec 10, 2018, by InsuResilience in parallel with the COP24 in Katowice, Poland. A breakout session as ‘Disaster risk financing for enhanced fiscal resilience of Pakistan’ was organized by NDRMF in the Global Partnership Forum. The session focused on identifying the dimensions of the financial vulnerability of Pakistan and discussed practical approaches and concrete solutions for enhancing the fiscal resilience of Pakistan.

Regional Forum on Strengthening the Enabling Environment for Disaster Risk Financing: Options for Enhancing Financial Resilience – Manila (Sep 25-26, 2018)

ADB organized a regional forum on strengthening the enabling environment for Disaster Risk Financing: Options for enhancing financial resilience. The event was held on Sep 25-26, 2018 in Manila, Philippines. Relevant government agencies from ministries of finance, national disaster risk management agencies, insurance regulators and other relevant stakeholders in disaster-prone DMCs participated in Disaster Risk Financing (DRF) Regional Forum. The forum focused on enhancing understanding of opportunities to strengthen the financial management of disaster risk; learning the innovative disaster risk financing solutions and its application; facilitating cross-country/regional dialogue, and strengthening capacity and improve knowledge of disaster risk financing.

DRF Consultations

Furthermore, a comprehensive consultative approach has been adopted in various rounds. During these consultations with the key stakeholders, the challenges and the way forward for mainstreaming Disaster Risk Financing for fiscal resilience were deliberated. A list of stakeholders consulted thus so far is provided in the following:

 

Figure: DRF Consultations

 

ADB: Asian Development Bank PakRe: Pakistan Reinsurance Company Ltd
AKF: Agha Khan Foundation PDMA: Provincial Disaster Management Authority
BISP: Benazir Income Support Programme PMIC: Pakistan Microfinance Investment Company
IAP: Insurance Association of Pakistan PMN: Pakistan Micro-Finance Network
IDF: Insurance Development Forum SBP: State Bank of Pakistan
IIP: Insurance Institute of Pakistan SECP: Securities and Exchange Commission of Pakistan
NICL: National Insurance Company Ltd WB: World Bank
NDMA: National Disaster Management Authority NRSP: National Rural Support Programme