USAID, Rockefeller launch $100-M climate resilience fund

Posted at 08/20/14 5:49 PM

MANILA, Philippines - The U.S. Agency for International Development (USAID) and the Rockefeller Foundation have announced a $100 million Global Resilience Partnership.

The partnership lays out a bold new vision for building resilience to disasters, food insecurity, the effects of climate change and other factors contributing to poverty in communities across Asia and Africa.

"Disasters have been increasing in Asia because more people are in harm's way without the means to protect their loved ones and their possessions," said Michael Yates, Director of the USAID Regional Development Mission for Asia.

"To change this, we will build networks through this Partnership and solicit the best ideas from local government, the private sector and civil society, so that our collective investments will protect lives and livelihoods."

The Global Resilience Partnership will focus on South and Southeast Asia, the Sahel and the Horn of Africa—areas particularly susceptible to disasters or crises of all kinds.

The partnership funds will play a catalytic role, encouraging others to take action.

By building on the good work already underway, the partnership will provide incentives for the best minds to come together to devise solutions that will help families, communities, countries and regions manage disaster and climate risk to build stronger and more resilient futures. It will support ideas that leverage information and technology to ultimately save lives and livelihoods, as well as resources for when they are needed most.

"Investing in building resilience means that we will minimize the impact when disaster hits, and expedite the rebound," said Ashvin Dayal, Associate Vice President and Managing Director, Asia of The Rockefeller Foundation. "This will yield what we call a "resilience dividend" – the difference where a community is after a shock when resilience investments have been made, compared to where it would be without such investments."