Annual report

USAID
Bureau for Humanitarian Assistance (USD 20.5 
million jointly secured by the IFRC and the 
American Red Cross) and the
 Italian Ministry 
for Foreign Affairs 
(EUR 5.2 million in funding 
for Anticipatory Action in Africa). Discussions 
are underway with several governments on 
additional funding.
Disaster Response
Emergency Fund
The DREF is a flexible emergency funding source 
which can provide financial support rapidly and 
in appropriate amounts whether for small- or 
large-scale operations. It provides funding to 
National Societies for emergency response oper-
ations as loans to allow immediate response to 
major disasters, or as grants to cover the costs 
of response and mobilization of resources, as 
well as preparation for response in the case of 
imminent crisis through the approval of Early 
Action Protocols. Since its establishment in 1985, 
DREF has helped 210 million people. 
68
Annual Report 
2022

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Another successful DREF pledging conference 
was held in October 2022, together with a ded-
icated session on DREF insurance. Total income 
for DREF in 2022 reached 45 million Swiss francs, 
an increase of over 40 per cent from 2021. 
Several donors, including the Governments of 
France, People’s Republic of China, Kingdom of 
Thailand and Czechia, contributed to the DREF 
for the first time thus advancing the IFRC’s objec-
tive to diversify its resource base, while Norway 
doubled its contribution (4.8 million Swiss francs). 
To increase DREF capacity and diversify its 
funding sources, the IFRC in partnership with 
the 
Centre for Disaster Protection
and 
Aon
, 
worked on the design and development of the 
insurance structure to support the DREF. The 
insurance structure is being underwritten 
through 
Lloyd’s Disaster Risk Facility
 and in 
addition to IFRC’s own investment for insurance 
premiums, has received commitments of finan-
cial support from the Foreign, Commonwealth 
& Development Office, British Red Cross, 
Danish Red Cross and Nestlé. The German 
InsuResilience Solutions Fund
committed initial 
funding and is now considering a further EUR 
2.5 million towards product development and 
funding of the insurance product.
For more detail on DREF, please see the Funds 
section on page 71.
ECHO Pilot Programmatic