Abid Razaq's Contact Details

Abid Razaq's Company Details

National Disaster Risk Management Fund (NDRMF)

5th Floor Islamabad, N/A, pk • 100 - 249 Employees
Financial Services

NDRMF is a government-owned not-for-profit institution registered with the Securities & Exchange Commission of Pakistan under Section 42. The Fund is established as a non-banking financial intermediary with a corporate structure whose aim is to provide funding through matching grants of up to 70% for a range of structural and non-structural interventions to be carried out by United Nation Agencies, International and/or National Non-Governmental Organizations as well as Public Sector Entities.The Fund is responsible for awarding, managing, and guiding investments that shall reduce risk and vulnerabilities that are associated with climatic change and natural hazards. The Fund's objective is to focus on primary or critical level disaster planning, preparedness, pre-disaster mitigation, and early warning systems. It will not carry out any post-disaster activities. Being a rights-based organization, gender equality and inclusion are placed at the core of all NDRMF operations and programming.The Fund is in line with existing policies and strategies of the GOP to address disasters, including1) The Disaster Risk Reduction Policy (2013)2) Climate Change Policy (2013)3) GOP Vision 20254) National Disaster Management Plan 2013-2022 (NDMP)5) National Flood Protection Plan IV (NFPP) (2016-2025)6) Sendai Framework for Disaster Risk Reduction, 2015-2030It is also contributing to international development targets such as the Sustainable Development Goals (SDGs), UN Sendai Framework and the Paris Agreement on Climate Change.The initial financing of NDRMF is through a loan of $200 million by 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) respectively. 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).