Asian Development Bank
This study provides a review of infectious disease risk financing schemes to draw lessons and recommend solutions for the Central Asia Regional Economic Cooperation (CAREC) member countries.CAREC region was badly affected by the COVID-19 pandemic. Prearranged financing for shock events greatly enhances the cost-efficiency and effectiveness of response, but this was virtually nonexistent for infectious diseases risk prior to the COVID-19 outbreak. The study offers some recommendations to strengthen the disaster risk management strategies and public sector budget resilience of CAREC member countries.