Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region
Summary
The regional knowledge and support technical assistance (TA) will support the development of comprehensive regional disaster risk financing (DRF) solutions to assist the CAREC countries in reducing their physical and financial vulnerability to natural hazards.
Expected Outcome
Collaboration between CAREC countries in disaster risk financing, including insurance, increased
Expected Outputs
- Disaster risk assessments and modeling in CAREC countries produced
- Regional disaster risk transfer solution designed
- Capacity for disaster risk financing, including insurance, enhanced
Project Types
Technical Assistance
Funding
| Funding Agency | Amount (USD millions) | Notes |
|---|---|---|
| Asian Development Bank | 1.5 | Technical Assistance Special Fund |
| Regional Cooperation and Integration Fund | 0.5 | Financial Sector Development Partnership Special Fund |
| Asian Development Bank | 0.75 | |
| Total | 2.75 |
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