The Coalition for Disaster Resilient Infrastructure (CDRI) announced setting up theInfrastructure Resilience Accelerator Fund(IRAF) with 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 theEuropean Union, the IRAFs 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.
The CDRI, launched byPM Narendra Modiin New York in 2019, is a partnership of national governments, UN agencies and multilateral development banks that aims to promote the resilience of new and existing infrastructure systems to climate and disaster risks in support of sustainable development.