As Prime Minister Shehbaz Sharif reached Geneva to co-host in an international conference, Pakistan and the IMF will also sit together to deal with the outstanding issues between the two sides.
In this connection, the IMF (International Monetary Fund) said the recent telephone call between Shehbaz Sharif and Kristalina Georgieva took place at the request of Pakistan. Georgieva is the IMF Managing Director.
“The call took place in response to a request by the Prime Minister of Pakistan to discuss the International Conference on resilient Pakistan”, IMF Resident Representative Esther Perez said.
An IMF delegation would meet Finance Minister Ishaq Dar on the sidelines of the Geneva conference, aimed at gathering international support for Pakistan in the aftermath of devastating floods last year, on January 9 (today), Perez said.
She said that the IMF managing director had a constructive call with the prime minister in the context of the International Conference on Resilient Pakistan and Georgieva also supported Pakistan’s efforts for a resilient recovery.
On Friday, Shehbaz had said in a speech that the IMF managing director had contacted him and added that a delegation would arrive in Pakistan within days. However, the finance ministry sources later said that no dates for the IMF review mission had been finalised yet.
In Geneva, the prime minister will co-host the ‘International Conference on Climate Resilient Pakistan’ alongside UN Secretary General Antonio Guterres on Monday (today), where he is going to unveil ‘Resilient Recovery, Rehabilitation, and Reconstruction Framework’ (4RF). The framework comprises institutional, financial and implementation arrangements for the post-flood recovery, besides international support to forge long-term partnerships to achieve climate resilience.
The 4RF, Pakistan’s strategic policy document is a follow-up document to the government-led Post-Disaster Needs Assessment (PDNA) that was prepared with the help of global institutions. As per the PDNA estimates, total damages and economic losses top $30 billion while needs for rehabilitation and resilient reconstruction are assessed at over $16 billion.
It will form the basis for the government’s comprehensive disaster recovery plans. It presents sequenced priorities across sectors around four strategic recovery objectives (SRO), a policy framework, a financing strategy, and implementation and monitoring arrangements.
“This is a pivotal moment for the global community to stand with Pakistan and to commit to a resilient and inclusive recovery from these devastating floods,” said UN Development Programme’s Pakistan Representative Knut Ostby.
Pakistan and the United Nations are holding the conference to mobilise international support to help the country recover more effectively from the devastation caused by recent floods.
Record monsoon rains and melting glaciers last September displaced some 8 million people and killed at least 1,700 in a catastrophe blamed on climate change.
Before his departure, the prime minister urged the world community that millions of Pakistanis, affected by unprecedented devastation due to floods, looked for the world’s compassion and solidarity to have their own shelter again and meet the losses that had suffered.
In a series of his tweets, Shehbaz said: “Millions of Pakistanis, affected by unprecedented devastation due to floods, looked for compassion and solidarity to build back better.”
“Humanity is at an inflection point in world history. Our actions today will shape the resilient future for our succeeding generations,” the prime minister posted on his Twitter handle.
The prime minister said that in the conference they would place a comprehensive post-disaster framework plan for recovery, rehabilitation, and reconstruction with resilience before development partners and friendly countries.
“Bridging the funding gap is key to restoring critical infrastructure, rebuilding lives & livelihoods & reviving the economy,” he added.