Forecast-based Financing and Emergency Preparedness for Climate Risks (FbF) is an innovative mechanism to develop an anticipatory humanitarian system whereby early preparedness action is funded after a forecast is released, and before a disaster strike.
FbF links the thresholds of forecast probabilities with appropriate preparedness actions, disburses required funding or logistics when the thresholds forecasts are issued, and activates standard operating procedure (SOP) that contain the mandate to act in such situations.
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