Disaster risk financing for humanitarian action
Traditionally, disaster risk financing (DRF) is designed primarily to release rapid, predictable funding to governments in the aftermath of a disaster for response, recovery and reconstruction; reducing the economic and fiscal burden of disasters. DRF has the potential to be a game changer for the humanitarian system. It offers opportunities for more effective action by strengthening collaboration and joint planning with governments, bridging the humanitarian-development nexus and building a culture of early action. There is a growing network of humanitarian practitioners working together with the financial sector to advance humanitarian DRF, based on stronger analysis and evidence-based learning.
The following papers help to inform the thinking and learning on DRF in the humanitarian context
- Anticipatory humanitarian action meets disaster risk finance – a workshop report, MCII & Anticipation Hub 2022
- Financing the Forecast-based Early Action Protocols (2021), by UK Government Actuary’s Department
- Impact Before Instruments – START Network, Red Cross Red Crescent Climate Centre and IFRC
- Exploring the feasibility of SEADRIF in the Red Cross Red Crescent National Societies
- Disaster Risk Financing in Concert: How co-ordinated DRF can save more lives
- Accountability to at risk communities in Disaster Risk Financing (DRF) systems (Guidance note by START Network)
- Disaster Risk & Forecast-based Financing Design: A guide to using Household Economy Analysis
- How local governments allocated funding for anticipatory action in the Philippines - Case study (2021)
Do you have a question?
Kara SiahaanCoordinator, Early Action and Disaster Risk Financing IFRC
Lead Network and Policy Anticipation HubRaise your Question
Photo by Climate Centre (RCCC)