IFRC Launches Groundbreaking Financial Mechanism to Transform Disaster Response

GENEVA–(BUSINESS WIRE)– #DREF–The International Federation of Red Cross and Red Crescent Societies (IFRC), in collaboration with global professional services firm Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, has announced a pioneering approach to disaster response. The groundbreaking risk transfer mechanism will ensure swift and agile support is available when a disaster occurs. This tool provides a backstop for the IFRC’s Disaster Response Emergency Fund (DREF). Emerg