How we work
NDRMF is providing a common mechanism to pool various contributions from international development partners for funding various DRR initiatives in a coordinated and integrated manner. In this regard, it will provide grants (subject to accreditation) to the national public sector entities, UN agencies, I/NGOs, academia and research institutions, etc.
Overall Implementation Arrangement
The Ministry of Climate Change is the Executing Agency for NDRMF. The fund is regulated by the Securities and Exchange Commission of Pakistan (SECP) and has an extensive statutory governance and reporting requirement under the ordinance.
The Government has received a $200 Million loan from the Asian Development Bank and grants of $3.4 Million by the Government of Australia and $1.5 Million by the Swiss Agency for Development and Cooperation (SDC) to contribute to the financing of the NDMP and National Flood Protection Plan IV (2016-2025).
It is expected that more international development partners will support NDRMF by pooling in more funds to comprehensively address key issues in Disaster Risk Reduction (DRR) and Disaster Risk Financing (DRF).
NDRMF has robust governance and management structures which work as highlighted by the following flow chart:
Figure: Flow Chart
The Fund administration is the sole responsibility of NDRMF Board and Management, and oversight will be performed by the regulator (SECP) and the government as stipulated under the law and articles of associations of the Fund.