BAKU, Azerbaijan, October 24. The World Bank (WB) starting from July 2019 is implementing EU-funded project "Strengthening Financial Resilience and Accelerating Risk Reduction in Central Asia" (SFRARR), a source in WB told Trend.
SFRARR is a regional program in Central Asia and supports Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan in building disaster and climate resilience by improving financial resilience and risk informed investment planning.
"This year, SFRARR supported 3 workshops presenting the regional risk assessment. These workshops focused on hazard, vulnerability and risk modelling. The assessment and these workshops relied substantially on findings and agreements reached during a four-day exposure-mapping workshop that took place in June 2021 in the Kyrgyzstan. This workshop discussed characterization of buildings, crops and infrastructure to inform the preparation of the risk assessment," the WB says.
Furthermore, the program helped to co-organize this year's regional disaster risk management Forum of Heads of Emergency Authorities of Central Asian Countries, which was held in Dushanbe from October 4-6, 2022.
The World Bank emphasizes that the program, which has proven to be an excellent platform for an effective cross-country cooperation on disaster risk management in Central Asia, has 3 operational components:
1) quantifying regional disaster risks and building capacity on risk identification;
2) establishing fundamental awareness and capacities for
financial resilience at national and regional levels;
3) exposure mapping for improved risk analysis, disaster risk
management and awareness.
SFRARR Program is funded by the EU in the amount of 4.3 million euros, with a contribution of 300,000 euros from the Global Facility for Disaster Reduction and Recovery (GFDRR), and is managed by the World Bank.