Pakistan Receives $2.8 Billion of $11 Billion Pledged for Flood Relief
Pakistan has so far received $2.8 billion out of the $10.987 billion pledged at the International Conference on Climate Resilient Pakistan held in Geneva, following the devastating floods in 2022.
This information was disclosed by Federal Minister for Economic Affairs, Ahad Khan Cheema, during the 4th meeting of the International Partners Support Group (IPSG) on Tuesday.
The meeting, which marked nearly two years since the catastrophic floods, aimed to review the progress of flood recovery and realign efforts towards building a resilient Pakistan.
An official statement from the ministry noted that in addressing the meeting, the minister recalled the pledges made at the Geneva conference, where the international community committed $10.987 billion, of which $2.8 billion had been disbursed by April 2024.
Cheema acknowledged the collaborative efforts of the international community and Pakistan in post-flood recovery, expressing profound gratitude for the commitments from International Development Partners towards building a climate-resilient Pakistan.
The minister highlighted the importance of energy and infrastructure as essential prerequisites for all development and reconstruction efforts, hoping for continued focus from international development partners in these critical areas.
Cheema emphasized IPSG’s pivotal role in coordinating the Resilient Recovery, Rehabilitation, and Reconstruction Framework (4RF). He outlined its objectives: assisting in plan development, securing financial commitments, providing guidance, and addressing funding gaps. He stressed provincial cooperation and reiterated the commitment to transparency in implementing 4RF projects, as pledged by the prime minister in the previous IPSG meeting.
During the meeting, development partners appreciated the convening of the fourth IPSG meeting and lauded the sustained attention given to post-flood reconstruction and rehabilitation efforts. Deliberations underscored the significance of fiscal stability, economic growth, and nurturing human capital. The World Bank and UNDP also presented updates on post-flood activities.
Acknowledging the support provided by the UNDP, Cheema thanked Dr. Samuel Rizk, the Resident Representative, for offering secretariat services to the IPSG.
The meeting was attended by Romina Khurshid, the Coordinator to the Prime Minister on Climate Change, along with Secretaries and senior officials from the ministries of Economic Affairs, Finance, Foreign Affairs, Planning, and the Climate Change Division. Representatives from bilateral and multilateral development partners, including ambassadors and diplomats from numerous countries, and officials from various international organizations such as UNDP, World Bank, ADB, IMF, AIIB, UNRC, EU, KfW, UNICEF, IsDB, WFP, AICS, and USAID, also participated.
The meeting concluded with a renewed commitment to collaboration and transparency in achieving the goals of the Resilient Recovery, Rehabilitation, and Reconstruction Framework.
