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  • Forecast-based financing for vulnerable herders in Mongolia

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Forecast-based financing for vulnerable herders in Mongolia

Source(s):  International Federation of Red Cross and Red Crescent Societies (IFRC)

This publication assesses the implementation of forecast-based financing (FbF) within the context of 12 provinces in Mongolia during the Dzud (severe drought followed by extreme winter) of 2017. This left herders without reserve fodder and hay. Continuous harsh conditions put at risk millions of livestock, which are the only source of food, transport and income for almost half the population of Mongolia. 

By implementing the FbF programme, early action could be taken to reach the herders well before the loss of their livestock and not after. The best time to support herders is before their animals become weak, giving any action the chance to avert livestock loss and to reduce the impact of Dzud on the livelihoods of vulnerable herders.

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  • Forecast-based financing for vulnerable herders in Mongolia
  • Publication date 2017
  • Number of pages 4 p.

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