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  • Create Date December 18, 2021
  • Last Updated December 18, 2021

Forecast-based Financing for vulnerable herders in Mongolia

Dzud is a Mongolian term for a unique climatic phenomenon where severe drought is followed by an extreme winter. Over 70 per cent of the country was experiencing severe drought in the summer of 2017. This left herders without reserve fodder and hay. Continuous harsh conditions put at risk millions of livestock, which are the only source of food, transport and income for almost half the population of Mongolia.