Chairman NDMA Lieutenant General Inam Haider Malik has said timely access to funds significantly enhances disaster response and recovery efforts.

He was speaking at panel discussion on "Global Climate Finance Mechanism, Assessing Equity and Effectiveness" in Baku today.

The Chairman also stressed the need for pre-arranged financing instruments, such as contingency funds and insurance products, to strengthen financial preparedness.

He emphasized that Pakistan's climate finance strategy for COP-29 prioritizes adaptation and resilience. He pushed for financing commitments that go beyond mitigation and address the urgent adaptation needs of vulnerable countries like Pakistan. He also pressed for regional cooperation, suggesting that alliances with neighboring countries facing similar climate risks could amplify Pakistan's voice in international negotiations for equitable financing access.

 Additionally, Chairman NDMA advocated for enhanced integration of disaster risk financing tools including sovereign risk pools, public asset insurance, and community-level micro insurance schemes to protect against climate-related losses.

The session convened global experts to discuss financing solutions critical for effective disaster response and climate resilience.

Besides, the Chairman NDMA held a meeting with Chief Investment Officer of the Green Climate Fund Mr. Henry Gonzalez in Baku, Azerbaijan.

The discussions focused on establishing a framework and modalities for Green Climate Fund accreditation aimed at mitigating and adapting to climate-induced disasters.

Chairman NDMA highlighted 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.