IFRC’s Disaster Response Emergency Fund takes important stride as it marks 45th year helping people hit by crisis
Ever since it was established 45 years ago, the IFRC’s Disaster Response Emergency Fund (IFRC-DREF) has been a unique and essential tool that ensures communities hit by sudden crisis get the resources they need quickly and efficiently.Four and a half decades later, donors from around the world reaffirmed IFRC-DREF’s critical role in disaster response during a one-day pledging conference in Geneva, Switzerland on 8 November.By the end of the conference, donors had pledged approximately 74 million Swiss Francs. With the projected payout from IFRC-DREF Insurance before the end of the year, this total is likely to rise to 85 million Swiss Francs.IFRC-DREF is now on track, therefore, to fully meet its funding target for 2024 while increasing the total amount of raised income by 20 percent compared to 2023.These pledges move IFRC-DREF closer to its strategic ambition of growing its annual funding budget to CHF 100 million by 2025 and help ensure that people hit by small- and mid-sized disasters – which often don’t get international media attention – get the critical support they need.The fund also allocates money to help people get ahead of imminent threats such as storms, floods, heatwaves, drought and other crises.“Your pledges today ensure that before, during, or straight after the next storm hits, or the next crisis unfolds, help will be there — not as a distant promise but as a reality, and fast,” IFRC Secretary General Jagan Chapagain told the donors who gathered for the conference.To back up his point, Chapagain recounted the story of Leonica Ibanez, who lives outside Manila, Philippines, and was hit by the full force of flooding caused by Cyclone Gaemi in June. Her family just barely survived by clinging to nearby trees.While Cyclone Gaemi only stayed in international headlines for a few days, it was devestating for Ibanez’s family. The storm completely destroyed their home.With funding from IFRC-DREF, however, the Philippines was able to help people like Leonica Ibanez find the resources to get by until they could rebuild.“An allocation from IFRC-DREF to the Philippines Red Cross was one of more than 188 allocations that, as of last week, we'd already made this year,” Chapagain continued. “So far, we've allocated over 72 million Swiss francs to help people – particularly women – respond to disasters or prepare for hazards before they hit.”IFRC-DREF also provides critical resources until more funds arrive as part of larger funding appeals. A recent case in point: IFRC-DREF allocated 2 million Swiss francs to enable the Lebanese Red Cross to scale up humanitarian services while a larger campaign for funds was being launched.When the Al-Hamshari hospital in Sidon was preparing for an influx of casualties, therefore, the hospital could remain stocked with critical medical supplies and trained staff, Chapagain noted.A new tool, already put to the testIn the months leading up to the conference, a new key tool – IFRC-DREF Insurance – was also put into action for the first time. This new modality for private financing was initiated in 2023 and was first put into practice in 2024 following the IFRC response to Typhoon Yagi, which impacted multiple countries in Southeast Asia.Under this novel private insurance model, an additional 15 million Swiss francs can be tapped for disaster response once a certain threshold – like a deductible – is met and an insurance payout can be triggered.The insurance payouts were triggered in part by the unprecedented number, scale and complexity of disasters requiring IFRC-DREF funding. Nena Stoiljkovic, IFRC’s Under Secretary General for Global Relations, Humanitarian Diplomacy and Digitalization, thanked donors for their steady and growing support for IFRC-DREF and for new innovative ways of addressing today’s mounting challenges.“This year’s pledging conference demonstrated the commitment donors have to continue helping people in extremely vulnerable situations,”Stoiljkovic said. “And it shows their belief that IFRC-DREF is uniquely situated to respond quickly to humanitarian needs, particularly in the face of increasing demand, and increasingly complicated, climate-related disasters.“We look forward to even more collaboration and innovation – with all our partners and donors – in helping local communities find their way through difficult times.”Click the link below fora video recording of the full pledging conference live stream.IFRC-DREF milestonesEvery year, small and medium-sized disasters occur in silence. Without media attention or international visibility, they can struggle to attract funding. Despite this, IFRC-DREF has reached over 240 million people affected by disasters since it was launched in 1979.IFRC-DREF stands out for its commitments to channel support directly to local actors: 82 percent of allocations go directly to National Red Cross and Red Crescent Societies, enabling them to deliver fast and effective local humanitarian action. Globally, the average percentage of funding that goes to local actors stands at a mere 1.2 per cent.In 2023, the IFRC also reinforced the fund’s capacity to respond quickly, effectively and transparently. In partnership with Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, it launchedIFRC-DREF Insurance. By leveraging public aid budgets to mobilize private resources and make donor contributions go further, IFRC-DREF aims to assist six million more people.Please click here to read thePledge Statements Sum-Up documentfor all details. For more information about the IFRC-DREF:Visit this page on our website.For more information,you canalsocontact:Florent Del Pinto (Manager, Emergency Operations Centre)[email protected] Mrdja (Manager, National Society and Government Partners)[email protected]