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Pakistan Unveils $102M Climate Risk Fund Boost
Summary by Digital Pakistan
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Pakistan Unveils $102M Climate Risk Fund Boost
Pakistan has initiated a $102 million Climate Risk Fund under The World Bank‘s Resilient and Accessible Microfinance (RAM) Project to support small farmers hit by recent floods. The fund, officially called Climate Risk Fund I (CRF-I), is operated by the State Bank of Pakistan through a trust established by the federal government. It is intended to assist microfinance providers (MFPs) in providing liquidity to vulnerable farmers, particularly tho…
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