Rwanda and the European Investment Bank (EIB) have signed a €65 million financing agreement to strengthen climate resilience, protect biodiversity and improve livelihoods in north-western Rwanda. The agreement, signed on August 5, 2026, will finance the Volcanoes Community Resilience Project, a major initiative targeting communities exposed to floods, landslides and soil erosion. The project is expected to benefit more than 2.3 million people across Gakenke, Burera, Musanze, Nyabihu, Rubavu, Rutsiro, Ngororero and Muhanga districts. The Volcanoes Community Resilience Project is coordinated by Rwanda’s Ministry of Environment and implemented with the Rwanda Water Resources Board, Rwanda Meteorology Agency, Rwanda Environment Management Authority and Rwanda Development Board. The €65 million agreement also highlights the growing importance of climate-resilient investment in Rwanda, where stronger infrastructure, restored watersheds and sustainable land management can help reduce the economic and social impacts of extreme weather events.