Disaster Risk Finance Country Note : Uzbekistan
This disaster risk finance country note was prepared within the Uzbekistan strengthening disaster resilience technical assistance. It aims at: (a) raising awareness about fiscal impacts of disasters in Uzbekistan; (b) providing an overview of the w...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/513951591597853635/Disaster-Risk-Finance-Country-Note-Uzbekistan http://hdl.handle.net/10986/33884 |
| Summary: | This disaster risk finance country note
was prepared within the Uzbekistan strengthening disaster
resilience technical assistance. It aims at: (a) raising
awareness about fiscal impacts of disasters in Uzbekistan;
(b) providing an overview of the way the Government of
Uzbekistan (GoU) currently finances disaster losses; and (c)
identifying potential measures to strengthen financial
protection against disasters. The GoU has a number of
regulations that govern post-disaster financing. They
include provision that the first line of defense against
natural disasters lies with the local level, while resources
of a national reserve fund of the cabinet of ministers are
drawn only when the local resources are exhausted.
Therefore, the GoU can consider the following major steps to
strengthen post-disaster financing in Uzbekistan: (a)
improving collection of information related to disasters and
accounting for fiscal risks; (b) developing a financial
protection strategy against natural disasters; (c) improving
disaster insurance; better understanding disaster insurance
market in the country is an important first step; and (d)
improving effectiveness and targeting of the resources available. |
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