The World Bank identified a key issue in the fight against climate disasters in Kyrgyzstan
The necessary level of funding is determined by comparing planned budgets with estimated commitments based on assessments of the need for government support. According to current data from the World Bank, approximately $60 million can be allocated from the reserve budget, which serves as a financial safety cushion, for these needs.
According to organization representatives, "an unforeseen and large-scale natural disaster can cause a severe funding shortfall, creating significant financial pressure on the government."
The report also states that a flood with a recurrence interval of 50 years could lead to a funding shortfall ranging from $65 million (minimum) to $92 million (maximum), with an average of about $79 million. In the case of a flood with a recurrence interval of 100 years, the deficit could increase to a range of $76 million (minimum) to $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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