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August 20, 2014

Rockefeller and USAID Announce $100-Million 'Resilience' Fund

The Rockefeller Foundation and the U.S. Agency for International Development are collaborating on a $100-million effort to help regions of Africa and Asia respond more quickly and effectively to crises linked to climate change, the Thomson Reuters Foundation reports.

The Global Resilience Partnership, launched Tuesday, will focus on South and Southeast Asia and the sub-Saharan Sahel and Horn of Africa, where typhoons, floods, earthquakes, and drought are increasingly destroying lives and derailing economic development.

The partnership's initial project will be a competition for proposals on making communities more resilient to extreme weather, food insecurity, and the effects of climate change. Such work "reduces the likelihood that stresses or sudden disruptions turn into a disaster," said Ashvin Dayal, Rockefeller's associate vice president and managing director in Asia.