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This report details the development of a Forecast-based Financing plan for typhoons and flooding in the Philippines. An Early Action Protocol (EAP) for Typhoons was approved in November 2019. This EAP supports early action in an average five high-risk municipalities within each of the 26 provinces most affected by typhoons. In the event of a typhoon, the EAP allows the Philippine Red Cross (PRC) to access funds from Forecast-based Action by the Disaster Relief Emergency Fund (DREF), which is managed by the International Federation of the Red Cross Red Crescent. These funds support the evacuation of livestock, early harvesting of crops such as abaca and rice, and shelter strengthening.

The report finds that by engaging with communities and the government during the research, selection, and testing of early actions, PRC fostered support for Forecast-based Financing (FbF) from Provincial and Local governments all the way down to barangays. This support eventually translated into local government ownership and investment. The next step for locally funded early actions in the Philippines is to establish how anticipatory action can be implemented in additional locations. PRC hopes collaboration with Provincial Governments will eventually allow anticipatory action to cover all localities in the provinces of Western Samar and Southern Leyte and beyond.