Rwf110bn secured for climate resilience project in volcanoes region

Rwanda has secured 110 billion Rwandan francs, equivalent to approximately €65 million, to implement a crucial climate resilience project in its volcanoes region. This significant financial backing underscores the nation's commitment to addressing the escalating challenges posed by climate change.

The funding agreement was formally signed by Yusuf Murangwa, Rwanda's Minister of Finance and Economic Planning, Belén Calvo Uyarra, the European Union Ambassador to Rwanda, and Thomas Östros, Vice-President of the European Investment Bank. The collaboration highlights a strong partnership between Rwanda, the EU, and the EIB in tackling environmental vulnerabilities.

The project's primary objective is to bolster the resilience of the volcanoes region against the adverse effects of climate change. This involves implementing strategies and infrastructure designed to mitigate risks, adapt to changing environmental conditions, and ensure the long-term sustainability of the region's ecosystems and communities. The initiative is expected to play a vital role in protecting biodiversity and supporting the livelihoods of people in this ecologically sensitive area.