In order to reconstruct flood-affected areas, Pakistan has secured over $10.5 billion in flood pledges, which will be materialized over three phases – short-term for one year, medium-term for three years, and long-term for five to seven years.
The cash-strapped nation clinched the pledges at the one-day International Conference on Climate Resilient Pakistan in Geneva after Pak Prime Minister Shehbaz Sharif launched an $8 billion flood aid appeal to help the country overcome the devastation resulting from the cataclysmic floods.
It secured commitments worth $8.57 billion by the end of the plenary session I, while it managed to secure over $2 billion in the second session.
SRO1 includes enhancing governance and the capacity of state institutions for the restoration of lives and livelihoods for the affected people. Specifically, the most vulnerable SRO1 seeks to rebuild the governance-related physical infrastructure damaged and destroyed by the floods and to restore and enable a governance system that promotes efficiency, effectiveness, transparency, and inclusiveness.
Through gender-informed and community-led, structural and non-structural risk reduction measures, including ecosystem adaptation and landscape restoration, all tiers of government will be able to prepare and respond to natural hazards and climate change.
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