Islamic Development Bank Group Commits to Supporting “Climate Resilient Pakistan” with US$4.2 Billion in Financing

H.E. Dr. Muhammad Al Jasser, President and Group Chairman of the Islamic Development Bank Group (IsDB), announced a US$4.2 billion IsDB Group commitment to support Pakistan’s climate resilience efforts and development agenda, as well as the country vision 2025, over the next three years, including US$600 ordinary capital resources from the IsDB Group. He made the statement today in Geneva at the International Conference on Climate Resilient Pakistan, which was held in response to the devastation caused by Pakistan’s recent floods.

The United Nations and the Government of the Islamic Republic of Pakistan collaborated to host the International Conference on Climate Resilient Pakistan in order to gather international aid to assist Pakistan in rebuilding more effectively following the recent disastrous floods. Pakistan is transitioning from “rescue and relief” to the massive work of “recovery, rehabilitation, and reconstruction.”

He also underlined the IsDB Group’s commitment to assisting Pakistan in attaining robust, inclusive, and long-term socioeconomic success through green, resilient, and long-term infrastructure, stronger human capital, and strengthened governance institutions.

The Pakistani government presented the “Resilient Recovery, Rehabilitation, and Reconstruction Framework” (4RF) during the conference and sought international cooperation and long-term partnerships for its execution.

Leave a Reply

Your email address will not be published. Required fields are marked *