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Regional Forum: Strengthening Financial Resilience and Accelerating Risk Reduction in Central Asia

October 14-15, 2024
Almaty, Kazakhstan
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The Central Asia region—comprising Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan—is highly vulnerable to frequent disasters such as earthquakes, floods, droughts, and landslides, which cause an estimated $10 billion in annual economic losses. For residents and businesses in disaster-prone areas, the exposure to such shocks can have devastating, long-term impacts, reversing development progress and perpetuating poverty.

In an era of increasing risk and changing climate, enhancing disaster risk financing mechanisms and strengthening social protection systems are crucial for improving preparedness, preventing crises, and supporting more effective response efforts.

To enhance financial resilience and support risk-informed investment planning for building disaster and climate resilience in the region, the Strengthening Financial Resilience and Accelerating Risk Reduction in Central Asia program (SFRARR) was introduced.

The program is funded by the EU and is implemented by the Global Facility for Disaster Reduction and Recovery (GFDRR) and the World Bank in close collaboration with the Center for Emergency Situations and Disaster Risk Reduction (CESDRR).

On October 14-15, 2024, the World Bank, in collaboration with its partners (EU, GFDRR, UNICEF, and CESDRR), is organizing a regional forum that will review the SFRARR program’s key deliverables, provide opportunities for sharing knowledge and lessons learned, and engage stakeholders and beneficiaries in discussions on sustaining its achievements. The forum will also focus on leveraging social protection systems in Central Asia to adapt policies, legal frameworks, financing, and programs for greater resilience to increasing risks.

The forum’s target audience includes representatives from government agencies responsible for national disaster management, health, social protection, finance, and insurance, as well as research institutions, academia, international organizations, and development partners.