Road Map To Developing A Regional Risk Transfer Facility For Carec

Download or read book Road Map to Developing a Regional Risk Transfer Facility for CAREC written by Asian Development Bank and published by Asian Development Bank. This book was released on 2023-11-01 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central Asia Regional Economic Cooperation (CAREC) region is highly exposed to natural hazards, particularly earthquakes and floods, and the adverse economic impacts of climate change. A regional disaster risk transfer facility could help CAREC countries diversify risk, reduce costs, increase access to international insurance and capital markets, and coordinate risk analysis and modeling. This report draws on lessons from other regions to explore opportunities and options for developing a CAREC Risk Facility. It suggests next steps in establishing a facility and considers the role of stakeholders including the Asian Development Bank.