Pakistan NDRMF Consultant Disaster Risk Financing

While Pakistan faces significant disaster risk and an increasing rate of occurrence of hazardous eventsi there is very limited understanding of instruments for Disaster Risk Financing (DRF), like insurance soveretgn risk transfer and preparedness for budget reallocations The DRF Consultant will assist the National Disaster Risk Management Fund (NDRMF) in disaster risk modelltng work including the formulation of a national DRF strategy for Pakistan and DRF instruments which can support Government's efforts to better manage the risks and their significant financial implications.

Región/País Tema Período Presupuesto
Cambio climático y medio ambiente

Reducción de riesgos de catástrofes
01.09.2018 - 31.12.2019
CHF  150’000
Contexto Pakistan is one of the most vulnerable countries worldwide to natural hazards and has faced major disasters in the recent past including earthquakes floods, droughts and glacial lake outburst floods These disasters incur a high cost of recovery rehabilitation and reconstruction and have significant financial implica-tions for the country and highlight the country's inadequate financing and risk management capacity including financing mechanisms and risk transfer solutions such as insurance. Due to the lack of an insurance culture and market, the overall insurance penetration has remained less than 1% over the last few years which is one of the lowest levels of penetration in the region. SDC's Disaster Risk Financing Expert will support the DRF activities of the National Disaster Risk Management Fund, to which SDC is also financially contributing with 1.5 Mio CHF through the Asian Development Bank ADB.
Objetivos To enhance Pakistan's resilience to extreme weather events and other natural hazards.
Grupos destinarios

Direct: governmental stakeholders involved in DRF private insurance companies and potential private sector users

Indirect: disaster affected vulnerable population of Pakistan

Efectos a medio plazo Enhanced DRF capacity of the NRDMF to design and implement a national DRF strategy and DRF instruments.

Resultados previstos:  

  1. Assist the NDRMF in the development of a DRF Strategy by drafting a Road map, reviewing existing DRF activities/instruments, preparing the recruitment of DRF consultants / firms and guiding I coordinating their work;
  2. Assist the NDRMF in initiating the DRF Strategy implementation through pilots;
  3. Assist the NDRMF in assessment and improvement of DRF legal framework and guidelines on post-disaster budget-execution,
  4. Support the NDRMF in planning and execution of knowledge events and actions to support the establishment of an insurance culture in the country.

Dirección / Officina Federal responsable COSUDE
Crédito Ayuda humanitaria
Contrapartes del proyecto Contraparte del contrato
Sector privado
  • Sector privado suizo

Coordinación con otros proyectos y actores

National Disaster Risk Management Fund, with particular focus on the DRF team;

Government of Pakistans with focus on relevant Ministries (Ministry of Finance, Securities and Exchange Commission Pakistan, NDMA among others)

ADB Pakistan

Presupuesto Fase en curso Presupuesto suizo CHF    150’000 Presupuesto actual suizo ya emitido CHF    148’454 Total del proyecto desde la primera fase Presupuesto inclusive contrapartes del proyecto CHF   150’000