The Treasury has laid the ground for rolling out a disaster management fund with a capital base of Sh3 billion. Cash for the Standing Disaster Management Fund will be appropriated by Parliament starting 2021-22 financial year. Treasury CS Ukur Yatani said the kitty would help the government mobilise resources towards efficient and effective disaster management. Yatani seeks an amount not exceeding 60 per cent of the fund to go into disaster response and mitigation. The team will also set the trigger threshold for disaster response and develop criteria for funding arrangements with third parties.

Source: The Star November 02, 2020 02:03 UTC