Page 3 - Forecast Based Financing News Today

Red Cross releasing funds to mitigate effect of severe weather with more than -50 degree Celsius temperatures expected.

Photo taken during recent simulation exercise . [File photo: Mozambique RC/GRC] Tropical Storm “Chalane” is expected to make landfall along the coast of Mozambique in the Sofala Province on 30 December 2020. Given the projected severity of the storm at landfall, the Mozambique Red Cross has activated its Early Action Protocol to initiate early actions to prepare for the approaching cyclone. The protocol was developed with the support of German Red Cross, and the Red Cross Red Crescent...

Mongolia: Dzud - Early Action Protocol Summary - December 2020 Format The IFRC Disaster Relief Emergency Fund (DREF) has approved a total allocation of CHF 309,544 from its Forecast-based Action (FbA) mechanism for the Mongolian Red Cross Society (MRCS). The approved amount consists of an immediate allocation of CHF 16,091 for readiness and pre-positioning and CHF 293,454 automatically allocated to implement early actions once the defined triggers are met. The FbA by the DREF is a Forecast-base...