Forecast Based Financing in Eastern Africa: An Anticipatory Approach to Climate Emergencies

This document describes an anticipatory approach to climate emergencies, using capabilities in early warning and forecasting. Forecast-based Financing (FbF) is a climate-risk financing approach that can be integrated with other disaster risk-financing initiatives to mitigate potential impacts of a severe weather and climate event. The overall objective of the FbF approach is to proactively reduce the impact of climate hazards by connecting early-warning systems to prepositioned anticipatory finance and pre-agreed anticipatory actions that protect lives, livelihoods and development gains of the most vulnerable populations in the eastern Africa region.