BAKU: NDMA Chairman Lieutenant General Inam Haider Malik emphasized the critical role of timely fund access in enhancing disaster response and recovery efforts during a panel discussion on “Global Climate Finance Mechanism, Assessing Equity and Effectiveness” held in Baku today. He underscored the necessity of pre-arranged financing instruments, such as contingency funds and insurance products, to bolster financial preparedness.

According to Radio Pakistan, the Chairman detailed Pakistan’s climate finance strategy for COP-29, which prioritizes adaptation and resilience. He advocated for financing commitments that extend beyond mitigation, addressing the urgent adaptation needs of vulnerable countries like Pakistan. He also called for regional cooperation, suggesting that alliances with neighboring countries facing similar climate risks could strengthen Pakistan’s position in international negotiations for equitable financing access.

The Chairman further supported the integration of disaster risk financing t
ools, including sovereign risk pools, public asset insurance, and community-level micro insurance schemes, to shield against climate-related losses. The session brought together global experts to explore financing solutions essential for effective disaster response and climate resilience.

In addition, Chairman NDMA met with Green Climate Fund’s Chief Investment Officer, Mr. Henry Gonzalez, in Baku, Azerbaijan. The discussions aimed at establishing a framework and modalities for Green Climate Fund accreditation to mitigate and adapt to climate-induced disasters. Chairman NDMA emphasized the development of early warning systems and anticipatory actions at NDMA’s National Emergencies Operations Center. Both parties agreed to organize a bilateral workshop in Islamabad to further develop a comprehensive framework for a disaster-resilient Pakistan.