$16.3bn post-disaster recovery strategy

International Conference on Resilient Pakistan Prime Minister Guterres to present $16.3bn post-disaster recovery strategy

PM says closing funding gaps is essential to build lives for the climate-friendly Pakistan moot.

Premier Secretary Muhammad Shehbaz Sharif shakes hands with UN Secretary-General Antonio Guterres ahead of their meeting at UN Headquarters on the 77th session of the UN General Assembly. — APP/File

ISLAMABAD Pakistan is expected to present its comprehensive post-disaster plan of action for rehabilitation, recovery, and reconstruction in front of the development partners and countries of friendship during the International Conference on Resilient Pakistan in Geneva on the 9th of January (today).

Prime Secretary Shehbaz Sharif was in Geneva on Monday night with his entourage. He will be co-hosting the conference alongside UN Secretary-General Antonio Guterres.

Before departing for Geneva, the premier minister, in a statement, stated, “Bridging the funding gap is key to restore critical infrastructure, rebuilding lives and livelihoods and revive economy.”

He stated the millions of Pakistanis impacted by the extreme destruction due to floods were looking for the compassion and support needed to rebuild more effectively.

“Humanity is at a crossroads in the history of the world. What we do today will define the future of our next generations,” Prime Minister Benjamin Netanyahu shared on his Twitter account.

He also said he would use the occasion to discuss the flood victims’ cases with the entire world. “I will also shed the light on the steps of my government. has taken to ease the burden or rehabilitation.” He also posted.

In Pakistan, the record-breaking monsoon rainfall and melting glaciers in September forced the displacement of 8 million people. More than 1,700 people were killed in a disaster that was blamed on the effects of climate change.

 To date, the construction of millions of dwellings, kilometres of roads, and rail lines has cost an estimated $16.3 billion. Millions more could fall into poverty.

Prime Secretary Shehbaz Sharif will unveil the recovery program at the conference. Where United Nations Secretary-General Antonio Guterres and French President Emmanuel Macron will also speak.

Guterres was in Pakistan in September and previously said that the destruction of Pakistan the country was “climate carnage.”

“The world has to unite with Pakistan at this critical juncture and commit to a robust, inclusive recovery from these disastrous floods.” Knut Ostby, the Pakistan Representative for the United Nations Development Program, said. Premier Shehbaz Sharif on Sunday set off for Geneva with a high-level delegation to co-chair the event alongside UN Secretary-General. Foreign Minister Bilawal Bhutto Zardari and Minister for Finance Ishaq Dar, Minister for Climate Change Sherry Rehman, and Minister for Information and Broadcasting Marryium Aurangzeb joined the prime minister on Sunday in Geneva, the PM’s Office Media Wing said in an announcement to the media.

At the event, Pakistan will emphasize the need for international assistance and a long-term partnership to implement this framework.

In the opening segment, the official document will aid in the reconstruction and rehabilitation of affected areas by flooding. And will include announcements from the partners supporting them.

The prime minister and UN secretary-general will organize a press stakeout. The conference will be attended both in person and virtually by high-ranking politicians and leaders from numerous nations. As well as representatives from foundations, international financial organizations, and investment managers.

The gathering will bring together the governments and officials from the private and public sectors, as well as civil society, to assist the Pakistani people and the government. Pakistan.

 Second, Pakistan will gain international support and establish long-term alliances to build the resilience of Pakistan’s climate and adapt.

The International Monetary Fund (IMF) delegation will meet with Pakistan’s Finance Minister on occasion in Geneva starting tomorrow, an official from the lender announced on Sunday as Pakistan struggles to resume its bailout program.

Its $1.1 billion payout from the lender is still pending. Initially, November of last year was the planned release date for it

“On the fringes of the Geneva summit, the IMF delegation is anticipated to meet with Finance Minister Dar. To talk about the difficulties that remain and the way forward. “British wire services received a news release from an IMF spokeswoman.

Discussions need to update the strategy that specifies deadlines and the source of funds for the reconstruction project. To finish the Ninth Review, which will unleash further international finances including $1.1 billion in IMF funding.

Dar has recently made public statements in which he criticises the IMF. The organisation had been behaving “abnormally” in its interactions with Pakistan, which signed up for the $7 billion bailout scheme in 2019.

The IMF director, Kristalina Georgieva, reportedly had a “productive call”. With Sharif regarding the Geneva meeting and applauded his efforts to reconstruct Pakistan, according to the IMF spokesperson.

Pakistan will give a report on the need for post-disaster relief at the conference the day before it takes place in Geneva.

The international conference will start in the presence of

Foreign Minister Bilawal Bhutto Zardari. He will also be the president of two days of the meeting in Geneva.


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