Objectives
Fund scope
Investments in infrastructure systems is central to sustainable development, economic growth, and prosperity—and the world will invest more in infrastructure systems over the next 20 years than the last two hundred. Between now and 2040, the Global Infrastructure Hub estimates that annual infrastructure investment needs will cost $3.7 trillion US dollars per year. Most new infrastructure will be exposed to natural hazards like floods, earthquakes, storms, and tsunamis, while existing set-ups will be put under additional stress based on increasing demands from a growing global population and occurrence of unpredictable hazards.
IRAF action supports CDRI efforts to create a global platform for knowledge exchange, technical support, and capacity development in service of infrastructure that is resilient to climate and disaster risks. Stakeholders from around the world have come together under the IRAF to assist countries, particularly small island developing states (SIDS), in upgrading infrastructure development capacities, systems, standards, regulations, and practices according to local risks, contexts, and economic needs.
The IRAF targets SDG indicators under goals 3, 5, 6, 7, 9, 11, 13, and 17 in tandem with integrating commitments made to the Paris Climate Agreement, Sendai Framework for Disaster Risk Reduction 2015-2030, and United Nations 2030 principles of "leaving no one, no place, and no ecosystem behind."
Theory of change
The theory of change for the Fund postulates that in creating synergies across the practice realms of infrastructure development, risk reduction and climate change adaptation the IRAF MPTF—by way of partnerships, technical support, knowledge collaborations and advocacy—can contribute to the global ambition of creating and maintaining a safer and better planet for all people and living environments.
Outputs are delivered through a multi-pronged programme that leverages the institutional partnerships and collaborations of CDRI but via bespoke technical support and capacity development for members, knowledge transfer across institutional partners, technical agencies and private sector actors, and financial contributions to the fund.
Projects are operationalized institutionally and with member countries to span the infrastructure lifecycle and focus on solutions and engagements that strengthen the establishment of improved infrastructure systems and services. To this end, interventions enable governments to be equipped with risk and resilience assessments, improved performance tools and processes for infrastructure services, and advisories and guidelines for strengthened governance. Inherent are focused interventions on capacity strengthening, inclusion, and novel financing and partnerships for infrastructure resilience.
> $55M 
$55M - $25M
$25M - $5M
< $5M
