$1.5 million Swiss government grant for NDRMF, MoU signed

Secretary, Economic Affairs Division (EAD), Noor Ahmed, and Country Director, Asian Development Bank (ADB), Xiaohong Yang, signed a grant agreement for National Disaster Risk Management Fund (NDRMF), here on Friday.
The government of Switzerland has provided an amount of $1.5 million through Asian Development Bank for the NDRMF. The grant will be utilized for enhancing resilience and reducing disaster risk in Khyber Pakhtunkhwa. A Project Agreement for Swiss Grant was also signed between Xiaohong Yang, Country Director, ADB, and Lieutenant-General Nadeem Ahmed (retd), Chief Executive Officer, NDRMF, says a press release issued here.
The National Disaster Risk Management Fund (NDRMF) has been established as a government-owned public limited company with technical and financial assistance of the Asian Development Bank. The objective of the Fund is to establish a sustainable mechanism to support disaster risk reduction and financing instruments that can enhance Pakistan's resilience to future disasters.-PR