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PR No.69 NDRMF TO FUND PKR 189.9 MILLION & PKR 159.577 MILLION TO NDMA & PRCS Islamabad, May 15, 2019

The National Disaster Risk Management Fund (NDRMF) will fund Rupees 189.9 million and Rs. 159.577 million to National Disaster Management Authority (NDMA) for their Project of Multi Hazard Vulnerability Risk Assessment and Pakistan Red Crescent Society (PRCS) for their Project titled: From Vulnerability to Resilience”, respectively. The said financial support will be extended to respective entities as grant financing. Grant Implementation Agreements between NDRMF and the two entities, were signed in this regards here on Wednesday afternoon. NDMA will execute the Project titled “Multi Hazard Vulnerability & Risk Assessment (MHVRA) intervention in eight districts of Khyber Pakhtunkhwa and seven districts of Balochistan provinces”. Under this Project, the NDRMF will grant 70% (amounting to PKR 189.9 million) of total project cost (PKR 277.7 million) to NDMA while 30% (amounting to PKR 87.9 million) of the cost will be borne by NDMA through its National Disaster Management Fund (NDMF). The MHVRA project is a part of the third priority intervention under the National Disaster Management Plan (NDMP) 2012-2020 and is aligned with many national & international commitments so as to meet the priority needs defined in the Sendai Framework for Disaster Risk Reduction (SFDRR) 2015-2030. The implementation period is twenty (20) months. The project will span over a period of twenty months and will be executed by the Project Management Unit (PMU) of NDMA, which holds vast experience in carrying out risk assessment related studies across various districts of Pakistan. The Project will help to strengthen the disaster risk resilience of the study districts by reducing their vulnerabilities to impending natural hazards. The NDRMF was established to close the resource gap not only in the aftermath of disasters but also make investments in projects meant to mitigate the risk of disasters. Whereas, PRCS Project is designed to better protect and enhance resilience with the outcome of Communities vulnerable to the negative impacts of multiple natural hazards. It involves construction of flood protection walls, water conservation structures besides Land Slide Stabilization Works’ Schemes. The Project also focuses on soft interventions namely, Community Based Disaster Risk Management (CBDRM), School Based Disaster Risk Management (SBDRM) and Community Emergency Response Trainings (CERT). The Project will be covering one hundred sixty (160) Revenue Villages of sixteen (16) Union Councils in four (04) districts of AJK namely, Bagh, Hattian, Neelum and Sadhnoti. The implementation period is eighteen (18) months. The total cost of the Project is Pak. Rs. 228.193 million amongst which NDRMF will finance 70% upto Pak. Rs. 159.577 million whereas PRCS 30% contribution shall be Pak. Rs. 68.616 million. The proposed interventions are in line with National Disaster Management Plan (NDMP) and National Flood Protection Plan (NFPP) – IV. The GoP had been working with number of development partners to identify opportunities and mechanism to enhance financial management of disaster risk. These initiatives resulted in 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 socio-economic 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. *****

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