NDRMF to operate World Bank-funded ecosystem fund

ESRF will also finance projects related to the Ten Billion Tree Tsunami and the Clean and Green Pakistan projects

ISLAMABAD: A World Bank-financed fund on the restoration of ecosystems will be helmed by the recently-established NDRMF, regulating provision of money to projects related to climate and environmental changes in the country.

This was disclosed as Adviser to the Prime Minister on Climate Change Malik Amin Aslam visited the office of the National Disaster Risk Management Fund (NDRMF) on Thursday.

During the visit, NDRMF Chief Executive Officer (CEO) Lt Gen (retired) Nadeem Ahmed briefed Aslam on the state of Disaster Risk Reduction (DRR) and Disaster Risk Finance (DRF) apart from the status of the Ecosystem Restoration Fund (ESRF), which will be funded by the World Bank.

Lt Gen Ahmed said that ESRF is focused on providing grants for projects related to afforestation, marine life and blue economy, e-vehicles, water recharge, eco-tourism, biodiversity and land degradation.

He added that ESRF will also finance projects related to the Ten Billion Tree Tsunami (TBTT) and the Clean and Green Pakistan projects.

Published in The Express Tribune, February 28^th, 2020.