Forecast-based Financing: Investing in humanitarian action before disasters strike

25 May 2017
14:00 - 14:55
Expo 4 view map
German Red Cross, German Federal Foreign Office
Klose-Zuber (
Participation: Public
Accessible: Yes
Primary floor language: English
Interpretation: No
ISL Interpretation: No
Live Broadcast: No
Remote Participation: No

Forecast–based Financing (FbF) is a mechanism that uses climate forecasts to enable the timely disbursement of funds to implement preparedness actions before a potential disaster happens. Many times, early actions fail to be implemented due to lack of funds or mandates in the exact moment when they needed to be implemented. FbF enables the implementation of these actions, through analysis of impacts, danger levels, forecast skill and triggers.

The side event is going to explore opportunities and challenges for the implementation of a FbF mechanism in Latin America that have been gained through a two years pilot phase.