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.