Philippines: Floods - Early Action Protocol summary (EAP2021PH02)
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The IFRC Disaster Relief Emergency Fund (DREF) has approved a total allocation of CHF 234,809 (direct costs) from its Forecast based Action (FbA) mechanism for the Philippines Red Cross (PRC). The approved amount consists of an immediate allocation of CHF 79,215 for readiness and pre-positioning and CHF 157,751 automatically allocated to implement early actions once the defined triggers are met.
The FbA by the DREF is a Forecast-based Financing funding mechanism managed by the DREF. Allocations for the FbA by the DREF are made from a separate financial component of the DREF (MDR00004) and do not affect the reserves of the DREF appeal code MDR00001. Unearmarked contributions to the FbA by the DREF are encouraged to guarantee enough funding is available for the Early Action Protocols being developed.