The World Bank Identified a Key Issue in the Fight Against Climate Disasters in Kyrgyzstan
According to the latest estimates, approximately $60 million can be allocated from the state reserve budget, which serves as a financial safety cushion, for these needs.
Representatives of the World Bank noted that a sudden and severe natural disaster could lead to a significant financing deficit, which would create pressure on the country's financial system.
The document also states that for a flood with a 50-year recurrence cycle, the potential deficit may range from $65 million (minimum) to $92 million (maximum), with an average value of $79 million. For a flood with a 100-year recurrence cycle, this amount could increase to $76 million (minimum) and $106 million (maximum), with an average value of $91 million.
Photo on the main page: Press Service of the Ministry of Emergency Situations of the Kyrgyz Republic.
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