In his remarks, Prime Minister Shehbaz Sharif said that we must work together to rebuild the lives and hopes of those affected by the floods. He spoke on Monday at the opening session of the International Conference on Climate Resilient Infrastructure in Geneva. At this crucial time, he claimed, Pakistan needs the long-term solidarity and support of the international community to avoid falling behind or to face the future with renewed hope and aspirations.
It is about the cooperation and foresight required to ensure that the world’s transition to a sustainable future occurs on paper and on the ground in classrooms, fields, workplaces, businesses, and homes.The first section of this plan, according to Shehbaz Sharif, reflects priorities for recovery and reconstruction while considering the minimum funding requirement of 16.3 billion dollars, which is proposed to be covered by half of the domestic resources and the other half by friends and allies in the development sector. According to him, he will need eight billion dollars over the next three years to overcome the budget deficit for a minimal recovery.
The speed at which these steps are taken will significantly impact Pakistan’s ability to recover from the catastrophic flood tragedy, rebuild vital infrastructure, and restart rapid economic growth.
Financial resourcing will be the most crucial link in this chain, and the consequences, if that gap keeps impeding our ability to recover and maintain a basic level of resilience, will be beyond catastrophic.