Once an EAP has been developed, tested and approved by the leadership of the National Society, it needs to be ensure that funding is available reliably and quickly, once a trigger has been reached. For Red Cross and Red Crescent National Societies, the key financial mechanism available to fund the activities included in their Early Action Protocols is the Forecast-based Action (FbA) by the DREF, which was launched in May 2018.
The International Federation of Red Cross and Red Crescent Societies (IFRC) has extended the scope of its long-standing global financing instrument, the Disaster Response Emergency Fund (DREF) to include Forecast- based Action. Historically, National Societies were eligible for DREF funding only after the occurrence of a disaster event or in short time frames prior to imminent disaster. However, through piloting, FbF has made the case that anticipatory actions (including readiness and pre-positioning) made possible through automatically allocated funding when forecasts indicate a high likelihood of a disaster have the potential to substantially mitigate suffering and loss.
A National Society can have a robust Early Action Protocol but lack the funding to activate when a trigger is hit. With FbA by the DREF, once their EAP is approved, National Societies have guaranteed financial resources to carry out their early actions in anticipation of a disaster. Having access to a multilateral financial mechanism that secures these resources allows NSs to make robust advance planning, act confidently and quickly to fulfill their role in preventing and reducing human suffering before a disaster happens.
This chapter will explain how a National Society with an already developed Early Action Protocol can access funding from the Forecast-based Action by the DREF and the key features of this funding mechanism.
The main questions that will be answered by this chapter are:
- What are the key features of the FbA by the DREF?
- What criteria does an EAP have to meet to be eligible for funding by the FbA by the DREF?
- How does the approval process work?
- What else needs to be done after the EAP is approved to be funded by the FbA by the DREF?