$10m climate financing initiative launched

In Business
April 18, 2024



ISLAMABAD:

The United States Agency for International Development (USAID) on Wednesday launched the Pakistan Climate Financing Activity, an up to $10 million, four-year endeavour aimed at bolstering sustainability and climate resilience.

Speaking at the launch event, USAID Deputy Mission Director Maura O’Brien emphasised, “The activity will support innovative projects tailoured to Pakistan’s context, scaling up efforts to build climate resilience. Through evidence-based solutions, this activity aims to advance Pakistan’s capacity to respond to climate change effectively.”

Echoing similar sentiments, Coordinator to PM on Climate Change Rumeena Khurshid stated, “While Pakistan has made strides in fostering an innovative climate landscape, financial constraints remain a significant impediment. This will serve as a catalyst for concerted action.”

Published in The Express Tribune, April 18th, 2024.

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