This publication examines risks from flooding and earthquakes in
the Central Asia Regional Economic Cooperation (CAREC) region. It
assesses the protection gap and identifies ways of strengthening
financing. CAREC member countries face growing levels of disaster
risk without sufficient financial protection. Regional cooperation
can help narrow the protection gap and increase the financing
available for quick responses to disaster events. This publication
explores the current approach to disaster risk finance in each
CAREC member state to identify opportunities to strengthen
financing arrangements. It aims to inform the design of a regional
disaster risk transfer facility.
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