Glossary Term: FbA by the DREF

“A key element of the FbA by DREF, is the guaranteed allocation of funds for early action, once a National Society has an EAP that has been approved by the validation committee. Financial allocations will be done automatically by the FbA by DREF according to a pre-agreed forecast trigger, that indicates the potential for severe negative impacts on the most vulnerable population.”

“The FbA by the DREF provides multilateral funding to National Societies who have an already developed EAP. The funding is pre-agreed in advance for the implementation of the EAP, which is one of the key elements of Forecast based- Financing.” – definition https://media.ifrc.org/ifrc/fba/