CURRENT AFFAIRS

Detailed explanation-1: -CDRI announces Infrastructure Resilience Accelerator Fund at COP27. New Delhi: The Coalition for Disaster Resilient Infrastructure (CDRI) on Wednesday announced Infrastructure Resilience Accelerator Fund (IRAF), a CDRI Multi-Partner Trust Fund, at the India Pavilion, COP27, Sharm El Sheikh, Egypt.

Detailed explanation-2: -Q. Which institution announced the Infrastructure Resilience Accelerator Fund (IRAF)? Notes: The Coalition for Disaster Resilient Infrastructure (CDRI) announced Infrastructure Resilience Accelerator Fund (IRAF), a CDRI Multi-Partner Trust Fund.

Detailed explanation-3: -As you all know, IRIS is a flagship strategic initiative that has been designed as an instrument to achieve and deliver resilience and climate adaptation solutions to the SIDS, which are among the most vulnerable and exposed countries.

Detailed explanation-4: -Amit Prothi, Director General, CDRI, said, “We believe that IRAF will enable CDRI to achieve its mandate of resilience through risk-informed investments and infrastructure development, resulting in reduced vulnerability of populations and reduced impact of extreme events and disasters on infrastructure systems."

Detailed explanation-5: -Resilient infrastructure means adequate engineering design built to robust metrics to withstand storms and other natural disasters of a predetermined magnitude. In addition, the designs should be simplistic yet complex enough to allow modifications to be made over time as necessary as current conditions change.