INFRASTRUCTURE RESILIENCE ACCELERATOR FUND (IRAF)

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Context:  The Coalition for Disaster Resilient Infrastructure (CDRI) recently announced setting up the Infrastructure Resilience Accelerator Fund (IRAF).

Details:

About:

• Allocation of $50 million to support global action to build robust infrastructure, especially in developing countries and small island developing nations, that can withstand the impacts of climate change.
• It will be a multi-donor trust fund, managed by UN Multi-Partner Trust Fund Office, New York.
• Supported by India, the UK, Australia and the EU
• IRAF’s multi-pronged programme will offer customised technical assistance, capacity building, research, knowledge management, and advocacy across the infrastructure life cycle for countries at all stages of development.
• One of the first initiatives to be supported by the IRAF is the Infrastructure for the Resilient Island States (IRIS).

Coalition for Disaster Resilient Infrastructure (CDRI):

• CDRI was launched by the Prime Minister of India, Narendra Modi at the UN Climate Action Summit in New York in 2019.
• It is a partnership of national governments, UN agencies and programmes, multilateral development banks and financing mechanisms, the private sector, and knowledge institutions.
• It aims to promote the resilience of new and existing infrastructure systems to climate and disaster risks in support of sustainable development.
• CDRI promotes rapid development of resilient infrastructure to respond to the Sustainable Development Goals’ imperatives of expanding universal access to basic services, enabling prosperity and decent work.

https://timesofindia.indiatimes.com/india/50m-fund-to-support-disaster-proof-infrastructure/articleshow/95413911.cms