-
CDRI is a multi-stakeholder global partnership of national governments, UN agencies and programmes, multilateral development banks and financing mechanisms, private sector, and academic and knowledge institutions.
-
It was launched by India’s PM at UN Climate Action Summit 2019.
-
Purpose: It aims to promote the resilience of new and existing infrastructure systems to climate and disaster risks, thereby ensuring sustainable development.
-
Governing Council: The Governing Council is the highest policy-making body of the CDRI. It is co-chaired by India and a representative of another nation, nominated by rotation every two years.
-
Funding: A large share of the fund over the first five years has been invested by India. There are no obligations on the part of members to make financial contributions to CDRI. However, at any point, members of the CDRI may make voluntary contributions.
-
Secretariat: New Delhi, India.
-
Why in News? EU has joined CDRI.