EFSD Presents Assessment of Potential Impact of Natural Disasters on Debt Sustainability of Armenia, Tajikistan and Kyrgyzstan
The Eurasian Fund for Stabilization and Development (EFSD) prepared a new working paper entitled “Assessing the Potential Impact of Natural Disasters on Debt Sustainability of Armenia, Kyrgyzstan and Tajikistan.” Due to their geographical location, relatively small territory and highly concentrated economy, natural disaster risks can have a significant impact on the macroeconomic indicators of these countries.
According to the EFSD press center, as part of the study, country profiles were compiled, including systematized information on geography, climate, demography and economics, as well as a compilation and analysis of data on past natural disasters.
Based on the analysis of historical data, it was concluded that the main threat from possible natural disasters for the economic sustainability of Armenia is earthquakes and droughts, for Kyrgyzstan and Tajikistan — earthquakes and floods.