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 AgencyAmount (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
Total 2
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