INFRASTRUCTURE RESILIENCE ACCELERATOR FUND (IRAF)

Description

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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.