Pakistan’s government and United Nations arranged a conference in Genova. For raising funds for flood relief following the devastating aftereffects of flood in Pakistan as things are getting financially out-of-hand. Pakistan was able to get over $10 billion in pledges from international financial institutions. The donor agencies, and development partners for the rehabilitation, recovery, and reconstruction of the flood-affected areas at an international conference.
Maryam Aurangzeb said in a series of tweets said that the International community and development partners. They are demonstrating exemplary compassion for flood victims at the International Conference on Climate Resilient. Pakistan and the Islamic development bank group have pledged $4.2 billion over three years.
Prime Minister Shehbaz Sharif
Prime Minister Shehbaz Sharif and UN Secretary-General Antonio Guterres, flanked by Foreign Minister Bilawal Bhutto Zardari. He relayed the call for supporting the needs of 33 million people displaced by the country’s worst flood disaster. Minister of State for Foreign Affairs Hina Rabbani Khar said at the closing of the conference in Geneva:
“The message from the world is clear:
the world will stand by those who go through any natural calamities and will not leave them alone,”
The major pledges made at the conference, included $4.2 billion from the Islamic Development Bank (IsDB), $2 billion from the World Bank, $1.5 billion from the Asian Development Bank (ADB), $1 billion from the Asian Infrastructure Investment Bank (AIIB) and $1 billion from Saudi Arabia. About 40 national officials, private donors, and international financial institutions attended the conference. Islamabad is seen as a major test of who will pay for climate disasters, as in total he seeks about half of the $16.3 billion recovery bill. cover. The conference called for securing global support and forging long-term partnerships to help the country meet the challenges of 2022’s devastating floods.
The UN Secretary-General has called for fundamental reform. The international financial system so that low-income countries vulnerable to climate-related disasters can receive adequate funding from richer countries. He said the international financial system was distorted to benefit. Wealthy countries should be reformed to ensure a more equitable distribution of resources.
French President Emmanuel Macron said Paris was ready to help Pakistan in negotiations with financial institutions. “France will continue to provide expertise and financial support to the country,” Macron said in a video address at the conference. In response, he said he had prepared a Post-Disaster Needs Analysis (PDNA), which was estimated at $1 billion and would require more than $16.3 billion to rebuild.
Pakistani Prime Minister Shahbaz Sharif said the floods had disrupted the education of his 2.6 million people, including 1 million girls. “We are going backward in time. He said the high-level outline set out in the 4RF plan reflects a minimum requirement of $16.3 billion in recovery and rebuilding priorities. He said resilience is needed to recover from the enormous damage and ensure a sustainable livelihood future.
Furthermore, he added that the long-term development plan for resilient climate infrastructure exceeds his $30 billion. This includes national flood protection programs, building new infrastructure, or transforming existing infrastructure to cope with climate-related disaster shocks.