The World Bank Identified a Key Issue in the Fight Against Climate Disasters in Kyrgyzstan

Виктор Сизов Economy
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According to the Country Report of the World Bank on Climate and Development in Kyrgyzstan, the country is experiencing a shortage of resources to finance measures for responding to serious climate disasters, such as severe floods. The report emphasizes that this deficit is determined by comparing planned funds with estimated financing commitments, which includes assessments of the needs for public financing.

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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