Novel bond backing earthquake and flood protection in Kyrgyz Republic and Tajikistan said to be on track for $100 million. The Asian Development Bank has moved closer to delivering the first disaster and climate risk transfer facility focused on Central Asia, with a planned parametric catastrophe bond envisioned for the region's smallest countries, mountainous Tajikistan and the Kyrgyz Republic. ADB first laid out its intentions for the region in a Technical Assistance Report