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Disaster Risk Finance Country Note : Uzbekistan.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Other Public Sector Study.
- World Bank e-Library.
- Other Public Sector Study
- Language:
- English
- Subjects (All):
- Environment.
- Environmental Economics and Policies.
- Finance and Financial Sector Development.
- Insurance.
- Insurance and Risk Mitigation.
- Natural Disasters.
- Public and Municipal Finance.
- Public Sector Development.
- Local Subjects:
- Environment.
- Environmental Economics and Policies.
- Finance and Financial Sector Development.
- Insurance.
- Insurance and Risk Mitigation.
- Natural Disasters.
- Public and Municipal Finance.
- Public Sector Development.
- Other Title:
- Disaster Risk Finance Country Note
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- 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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