ISLAMABAD: Pakistan will ask for billions in international support to my recovery from aftermath of last devastating floods and help it is better able to resist climate change.
To meet the huge needs, Pakistan and the United Nations will jointly international the conference in Geneva, calling on countriesorganizations and enterprises to step up with financial other support to long-term recovery and a sustainability plan.
Prime Minister Shehbaz Sharif and UN Secretary General António Guterres will kick off in one- the day of the event that will be also feature performances by number of heads of state and government.
French President Emmanuel Macron, his Turkish counterpart Recep Tayyip Erdogan and European Commission President Ursula von der Leyen also speak at a conference via link to video.
The so-called concept of sustainable recovery, rehabilitation and reconstruction of Pakistan, which he will formally present at the conference on Monday, will require $16.3 billion. in Everybody.
government seeks to cover half which amount with “internal resources”, including his development budget and through public-private partnerships.
But he looks at international community to cover the rest with hope that Monday’s conference will bring significant promise of support.
About 450 participants from 40 countries registered for in the event including representatives of the World Bank and several multilateral development banks.
“Key moment”
“The water may have receded, but the blows are still there.” – Achim Steiner head of UN development agency, told AFP in advance of conference, describing the floods as “catastrophic event”.
“There needs to be a massive reconstruction and rehabilitation effort.”
The flood that claimed lives more than 1700 people and affected about 33 million others, still hasn’t backed down in some southern areas of country.
The UN children agency said on Monday that as many as four million children still lived next to the infected and stagnant flood water.
Millions of people remain moved, and those who were able to go back home often returned to damaged or destroyed homes and mud-covered fields that cannot be sown.
Food prices have risen and the quantity of people facing According to the UN, food insecurity has doubled to 14.6 million people.
The World Bank has calculated that up up to nine million more people can be pushed into poverty result of flood.
“This is the defining moment for in global communities to stand with in people of Pakistan,” Khalil Hashmi, country representative to the UN. in Geneva, told reporters.
But he emphasized that the conference would be “the beginning of multi-year process.
Pakistan and the UN emphasize that on Monday event wider than traditional conference as it seeks set up together-term international partnership oriented on recovery also on building resilience of Pakistan to climate change.
Pakistan, with the world’s fifth largest population is responsible for less than one percent of global greenhouse gas emissions, but one of most vulnerable countries to extreme weather caused from global warming.
The country is “essentially a victim of a world it doesn’t work fast enough on in challenge of climate change,” Steiner said.
This Article Pakistan seeks $16bn for flood recovery, climate resilience was first Published on World Weekly News