Overview

As the growing impacts of climate change interact with other emergencies, countries in Europe and Central Asia need help to protect lives, livelihoods and infrastructure. Financial management of disaster risks is costly: Central Asia has suffered over US$30 billion in losses from disasters over the past 20 years, most of which were uninsured and had to be funded from government resources. War in Ukraine creates another complex risk management challenge, with billions needed to rebuild and recover.

UNDP is working with governments and industry to bolster financial resilience in Europe and Central Asia. Our initiatives are integrating financial protection into development, supporting economic recovery and sustainable growth and creating an enabling environment for risk management and insurance development.