Disaster Relief Emergency Fund (DREF) Appeal No. MAA00010 Mid-Year report

This report covers the period 1 January 2010 to 30 June 2010.

In brief

Programme outcome: To increase the International Federation of Red Cross and Red Crescent Society (IFRC) capacity to assist National Red Cross and Red Crescent Societies reduce the number of deaths, injuries and the impact of disasters through the timely and adequate financial support for disaster response from the DREF.

Programme(s) summary: At 30 June 2010, IFRC had made 73 allocations from the DREF to support 67 different operations for a total of 11,285,280 Swiss francs bringing assistance to over 3.5 million people. Ten allocations for a total of 2,550,111 Swiss francs were made as loans of start-up funding for larger operations for which emergency appeals were launched. Six of these loans for a total of 1,697,624 Swiss francs, or 67 per cent, have already been reimbursed to the fund.

Seventy seven per cent, or 8,735,169 Swiss francs of the total was disbursed as grants to cover the costs of smaller disaster response operations for which no emergency appeal was launched.

The total amount allocated is three per cent above forecast and 51 per cent higher than for the same period last year. The number and amount of grants were 30 per cent above forecast and 67 per cent higher than for the same period last year, while the amount made as start-up funding loans was 14 per cent higher than last year.

Financial situation: The total 2010 budget is CHF 16,197,789 (USD 14,925,700 or EUR 12,227,300). This budget is being revised upwards to CHF 17,232,951 (see below) of which CHF 6,736,556 (39 per cent coverage) has been received as contributions during the reporting period. Interest paid on the balance of the fund was CHF 4,033.

Overall expenditure during the reporting period was CHF 11,285,280 (allocations) plus CHF 111,660 (administration or coordination costs). The allocations represent 51 per cent of the original forecast and the coordination costs represent 56 per cent. A total of CHF 2,965,023 has been reimbursed to the fund during the reporting period, either as reimbursement of loans to emergency appeals or as reimbursement of unspent balances of funds from grants to DREF operations.

The balance of the fund at 1 January 2010 was CHF 5,163,369 and stood at CHF 3,713,085 on 30 June 2010.

The budget for the DREF coordination is being revised upwards from CHF 197,789 to CHF 232,950 to cover the costs of the external audit, which are higher than budgeted because the scope was wider than initially planned, as well as the higher communication costs.

The amount of funding needed to cover the allocations made by the fund has also been revised upwards to CHF 17,000,000. The amount of loans are 60 per cent lower than forecast. The grants, which are not reimbursable to the fund, are 29 per cent higher than forecast. The total revised budget therefore stands at CHF 17,232,951.

No. of people we have reached: An estimated 3,675,000 people benefited from operations funded by allocations from the DREF during the first six months of the year.

Our partners: The DREF provides immediate financial support to the National Red Cross and Red Crescent Societies in their response to disasters. In order to dispose of sufficient funds to meet their requests, IFRC relies on a number of Red Cross Red Crescent, government and corporate donors.