Dhaka, Feb. 28 -- Bangladesh, a nation on the frontlines of climate change, endures severe and recurrent natural disasters. From cyclones to monsoon floods, the country faces ongoing challenges threatening its people's lives and livelihoods, infrastructure, and future sustainability. Forecast-Based Financing (FbF) has emerged as a transformative approach to responding to these disaster adversities and climate resilience.

FbF was first piloted in Bangladesh by the Bangladesh Red Crescent Society (BDRCS) in collaboration with the German Red Cross and supported by international agencies such as the World Food Programme (WFP). This approach links early warning systems to pre-arranged funding for flood preparedness, as a pilot in Kerrigan dis...