The purpose of establishing the NDRMF is to reduce socio-economic and fiscal vulnerability of the country and its population to natural hazards by financing investments in disaster risk reduction. PHOTO: FILE
ISLAMABAD: After remaining dormant for one and a half years, the $225-million National Disaster Risk Management Fund (NDRMF) Company has started off on a wrong footing, which could undermine the cause of setting a global standard body to tackle challenges posed by sudden climate change.
Initial decisions taken by the company’s management have put it on a collision course with its powerful board that comprises federal secretaries and is headed by Finance Secretary Arif Ahmad, said officials in the finance ministry.
Plan to make Buner a model for disaster management
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