Coalition for Disaster Resilient Infrastructure (CDRI) made this announcement at the United Nations 4th International Conference on SIDS held in Antigua and Barbuda.

• Funding is a component of CDRI's Infrastructure for Resilient Island States Programme (IRIS).

About IRIS 

• Aims to provide technical support and promote disaster and climate resilience of infrastructure assets in SIDS.
• Launched at COP26 of the United Nations Framework Convention on Climate Change (UNFCCC), held in Glasgow, UK. 
• Contributes to the UN’s SAMOA Pathway (SIDS Accelerated Modalities of Action) initiative.
  • SAMOA aims to improve resilience of SIDS infrastructure to climate change and disasters, etc.
• Supported by countries like UK, Australia etc. 

About SIDS

• Group of 39 States and 18 Associate Members of United Nations regional commissions.
• Dependent over funding due to social, economic and environmental vulnerabilities.
  • E.g. Slow onset events such as sea level rise pose an existential threat to small island communities, requiring drastic measures such as relocation of populations.
• Recognized as a special case for their environment and development at the United Nations Conference on Environment and Development (1992), also known as Earth Summit, held in Rio de Janeiro, Brazil.