The Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets held a working meeting with the Asian Development Bank (ADB) as part of the ADB mission on disaster risk financing, focusing on potential grant support under the “Emergency Financing (Multi-Level Disaster Assistance Financing Program)” component. Discussions centred on the Development Related Bonds (DRB) component aimed at strengthening financial resilience and preparedness for climate change and natural disaster risks. The DRB programme outlined in the meeting includes financing DRB bond risk premiums to enable issuance in international capital markets and covering expenses related to the issuance of DRB bonds. The parties also discussed support for the practical launch of an insurance pool under the compulsory insurance of residential premises, intended to help ensure fulfilment of obligations under compulsory contracts, reduce insurers’ financial risks, and increase public confidence in the Kyrgyz insurance system; ADB consultants additionally demonstrated a specialised interface for assessing disaster-related risks and damage to support management and financial decision-making.
State Service for Regulation and Supervision of Financial Markets 2026-02-06
Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets meets the Asian Development Bank on DRB bond grant support and compulsory home insurance pooling
The Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets and the Asian Development Bank discussed disaster risk financing, focusing on grant support under the Emergency Financing Program and Development Related Bonds to enhance financial resilience against climate and natural disasters. They also explored launching an insurance pool for residential premises and demonstrated a disaster risk assessment interface.