Infrastructure Resilience Accelerator Fund (IRAF)

Why in news?

• The Coalition for Disaster Resilient Infrastructure (CDRI) has announced the launch of Infrastructure Resilience Accelerator Fund (IRAF) at the 27th session of the Conference of the Parties (COP27) at Sharm El-Sheikh in Egypt.

About Infrastructure Resilience Accelerator Fund (IRAF):

• IRAF is a multi-donor trust fund launched by CDRI with the support of the United Nations Development Programme (UNDP) and the United Nations Office for Disaster Risk Reduction (UNDRR).
• It aims to support global action on disaster resilience of infrastructure systems, especially in developing countries and Small Island Developing States (SIDS).
• The fund  will offer customized technical assistance, capacity building, research, knowledge management, and advocacy across the infrastructure life cycle for countries at all stages of development.
• Supported by Governments of India, the United Kingdom, Australia and the European Union.
• The fund will be managed by the United Nations Multi-Partner Trust Fund Office (UN MPTFO).

PRACTICE QUESTION:

Consider the following statements regarding Infrastructure Resilience Accelerator Fund (IRAF)

1. It was launched by Coalition for Disaster Resilient Infrastructure (CDRI)  

2. The fund will be managed by the United Nations Multi-Partner Trust Fund Office

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer