The government introduced the 4RF framework in response to last year’s devastating floods, emphasizing coordination and participation among federal and provincial governments, development partners, donors, international and national NGOs, as well as academic and private sectors. Torrential rains and flooding wreaked havoc in various parts of Pakistan, primarily in Balochistan and Sindh, resulting in economic losses amounting to $30 billion.
In January, Pakistan secured $10 billion in pledges from donors during the ‘Climate Resilient Pakistan’ international conference, jointly hosted by Pakistan and the UN in Geneva. Following this achievement, the CDWP granted approval for 21 development projects to address the flood-affected regions, worth a total of $3 billion.
These projects encompass a wide range of initiatives, including flood assistance, clean energy access, rehabilitation, reconstruction, and economic resilience enhancement. The funding for these projects is sourced from the World Bank, Asian Development Bank (ADB), and the Islamic Development Bank.
The Central Development Working Party (CDWP) approved these 21 development projects, which aim to aid recovery efforts in the wake of the devastating floods of 2022 that affected millions of people in Pakistan. The Federal Steering Committee (FSC) actively oversees the implementation of these projects, conducting regular meetings to track their progress in the flood-affected areas. Additionally, a real-time monitoring dashboard for the 4RF is set to become operational by November 10, ensuring transparency and accessibility of information on project execution for the public and development partners.
Pakistan is grappling with the severe impacts of climate change, from floods and droughts to heatwaves and melting glaciers, which pose significant threats to its environment, economy, and the well-being of its people. Despite contributing less than 1% of global carbon emissions, Pakistan remains highly vulnerable to climatic disasters. The World Bank has lauded Pakistan’s efforts in securing project approvals and has committed to continued support in the future.