skyline in almaty, kazakhstan
EU flag, GFDRR, and World Bank logos
Strengthening Financial Resilience and Accelerating Risk Reduction in Central Asia

(РУССКИЙ)

Background

The Central Asia region faces frequent low and high impact disasters, and is especially vulnerable to earthquakes, floods, droughts or landslides. Severity and occurrence of these natural disasters is increasing and often have a transboundary nature, exposing the growing populations of the five Central Asian countries: Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan.

Economic activity of the Central Asia region is vulnerable to adverse natural events. Over half of the region’s population lives in rural areas and 33% of the population relies on agriculture. Arable lands are often destroyed by seasonal flooding, and droughts also pose a major threat to crops. In addition, while the region depends on trade, many important international routes suffer annually from adverse natural events such as earthquakes, floods and landslides. In effect, disasters have already resulted in large financial impact in the region, having affected more than 2.5 million people and caused losses in excess of US$1.5 billion in the last two decades.

Governments in the Central Asia region play a key role in disaster response and recovery, which unfortunately translates into a significant burden on public finances, calling for increased and more systematic attention to disaster risk financing in the region. Furthermore, Disaster Risk Management (DRM) actions are already high on the agenda of Central Asian countries. However, a regional approach to DRM and financing can significantly benefit the countries in Central Asia by (i) providing common analytics and metrics; (ii) fostering training and sharing of knowledge and technology; and (iii) developing solutions for national and regional as well as transboundary issues.

About the Program

Against this backdrop, the European Union has entrusted World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) with the implementation of the program Strengthening Financial Resilience and Accelerating Risk Reduction in Central Asia. The objective of the Program is to improve financial resilience and risk informed investment planning towards building disaster and climate resilience in Central Asia. Activities are implemented in the five Central Asian countries including Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. The Program has three operational components:

  • Quantifying Regional Disaster Risks and Capacity Building on Risk Identification. Activities within this component aim to improve the understanding and quantification of disaster and climate risks in selected countries of Central Asia through identifying, assessing, mapping and modelling disaster and climate risks.
  • Establishing Fundamental Awareness and Capacities for Financial Resilience at National and Regional Levels. Activities within this component aim to enhance awareness and fundamental capacities for financial protection in selected countries of Central Asia.
  • Exposure Mapping for Improved Risk Analysis, Disaster Risk Management and Awareness. Activities within this component aim to collect new data on the exposure of assets at local levels to disaster and climate risk and to share and use this data for decision-making at national and sub-national levels for preparedness, risk reduction and risk financing.

Budget and duration

The Program has a budget of €4.6 million (including a €4.3 million contribution from the European Union and €300.000 of co-financing from GFDRR). The Program spans from July 2019 until 31 December 2023.

Contact

Rossella Della Monica – Disaster Risk Management Specialist (rdellamonica@worldbank.org), GFDRR

Partners

The Strengthening Financial Resilience and Accelerating Risk Reduction in Central Asia Program is being implemented in collaboration with several partners:

Publications

  • The SFRARR Program Fact Sheet is available in English and Russian 
  • An informational brochure on the SFRARR Program is available in English

Blogs, Stories, Events

World Bank Feature Story (December 2019): Improving Regional Cooperation to Better Manage Disaster Risks in Central Asia. Link here.