In March and April 2017 Bangladesh experienced drastic floods which affected 220,000 ha of nearly ready to be harvested summer paddy crop and resulted in almost a 30% year on year increase in paddy prices. An attribution study of those pre-monsoon extreme rainfall events in Bangladesh concluded that anthropogenic climate change doubled the likelihood of the extreme rainfall events resulting in such floods.
Forecast-based financing, which automatically triggers funds when threshold forecasts are reached for an extreme event, used in Bangladesh prior to a 2017 flood event, allowed low-income, flood-prone communities to access better quality food in the short term without accruing debt.
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