Utilization of district disaster management funds and relevant financing mechanism for anticipatory action (AA)

This comprehensive report examines financial mechanisms available and potential for the Anticipatory Action (AA) in Bangladesh, a country highly susceptible to disasters and the impact of climate change. In Bangladesh, Disaster Risk Management (DRM) and humanitarian actions mainly concentrate on ongoing disaster prevention and post-disaster response, respectively. However, there is an increasing interest among DRM and humanitarian professionals to explore the potential for taking action between the release of a forecast and the occurrence of an expected disaster event.

Numerous studies worldwide, including SUFAL project reports like "Evaluation of SUFAL Project in the 2020 Monsoon Flood" and "Forecast-based Financing in Bangladesh: Scopes and Challenges," have acknowledged the benefits of local-level early risk assessment. In such circumstances, Forecast-based Early Action (FbA) allows communities to take preemptive measures in anticipation of hazards or disasters. This innovative approach relies on locally applicable and reliable forecasts, predefined triggers or thresholds for action, clear protocols with defined roles and responsibilities, and a pre-identified set of early actions linked to financing mechanisms.