ISLAMABAD – Pakistan and Asian Development Bank has signed a grantagreement for National Disaster Risk Management Fund.
Secretary, Economic Affairs Division Noor Ahmed and ADB Country Director MsXiaohong Yang signed a grant agreement for NDRMF.
The grant will be utilized for enhancing resilience and reducing disasterrisk in Khyber Pakhtunkhwa.
A Project Agreement for Swiss Grant was also signed between CountryDirector, ADB, Xiaohong Yang, and Chief Executive Officer, NDRMF Lt. Gen.(R) Nadeem Ahmed.
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National Disaster Risk Management Fund has been established as agovernment-owned public limited company with technical and financialassistance of Asian Development Bank.
The objective of the Fund is to establish a sustainable mechanism tosupport disaster risk reduction and financing instruments that can enhancePakistan’s resilience to future disasters.
