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World

Pakistan will be among first to receive G7 'Global Shield' climate funding

  • Statement issued by Germany listed Bangladesh, Costa Rica, Fiji, Ghana, Pakistan, the Philippines and Senegal as some of the initial recipients of Global Shield packages
Published November 14, 2022
Photo: REUTERS
Photo: REUTERS

SHARM EL-SHEIKH: Pakistan, Ghana and Bangladesh will be among the first recipients of funding from a G7 'Global Shield' initiative to provide funding to countries suffering climate disasters, the programme announced on Monday at the COP27 summit in Egypt.

The Global Shield, coordinated by G7 president Germany, aims to provide rapid access for climate-vulnerable countries to insurance and disaster protection funding after floods or drought. It is being developed in collaboration with the 'V20' group of 58 climate vulnerable economies.

Hina meets US official in Sharm El-Sheikh

A statement issued by Germany on Monday listed Bangladesh, Costa Rica, Fiji, Ghana, Pakistan, the Philippines and Senegal as some of the initial recipients of Global Shield packages.

Those packages would be developed in the coming months, Germany said.

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Ubaid Nov 14, 2022 11:40pm
Please confirm paper rate, how we can purchase from Karachi on this rate, please share contact number thanks.
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