The project’s rationale was hinged on the need for transitional assistance to rebuild or retrofit schools damaged by the earthquake, restore the livelihoods of affected households and communities through quick transfer of resources, and enhance disaster resilience through awareness building and training. The envisaged project’s impact was improved equity and enhanced social inclusion and enhanced disaster preparedness and resilience of earthquake-affected communities.

On 25 April EIB President Werner Hoyer participated in the United Nation’s Economic and Social Council (ECOSOC) Forum on Financing for Development. Together with Mrs Rebeca Grynspan, Secretary-General of United Nations Conference on Trade and Development, Mr Aiyaz Sayed-Khaiyum, Minister of Economy of Fiji and others, President Hoyer discussed how the availability of sustainable finance can be ensured despite current and future threats.

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