This study provides a review of infectious disease risk financing
schemes to draw lessons and recommend solutions for the Central
Asia Regional Economic Cooperation (CAREC) member countries. CAREC
region was badly affected by the COVID-19 pandemic. Prearranged
financing for shock events greatly enhances the cost-efficiency and
effectiveness of response, but this was virtually nonexistent for
infectious diseases risk prior to the COVID-19 outbreak. The study
offers some recommendations to strengthen the disaster risk
management strategies and public sector budget resilience of CAREC
member countries.
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