Forecast-based Financing practitioners manual
Based on forecast information and risk analysis, FbF releases humanitarian funding for pre-agreed activities. For early actions to be performed quickly and efficiently before disaster strikes, funds are allocated automatically when a specific threshold is reached. The key to this is the so-called Early Action Protocol (EAP), which clearly defines the most important tasks and responsibilities.
Are you a National Society, or government authority engaged in Disaster Risk Management? A meteorologist, hydrologist, humanitarian, academic, or simply generally interested in this Red Cross Red Crescent FbF methodology? The following chapters outline the steps National Societies and partners undertake to implement FbF, empower National Societies, government authorities, Hydro-Met agencies and communities for enhanced Early Warning Early Action:
1. Commit to FbF and Assess Feasibility
2. Engage your Stakeholders in FbF
3. Make your National Society FbF Ready
4. Develop Early Action Protocol
5. Approve and Finance
6. Activate, Monitor, Evaluate
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