European Commission, EIB and UNDP join forces to boost investment in communities hit by humanitarian crises
At the 81st United Nations General Assembly this week, the European Commission, the European Investment Bank (EIB) and the United Nations Development Programme (UNDP) launched a new partnership to help communities affected by conflict, crises and disasters rebuild and attract long-term investment.
The European Commission is providing an additional €15 million in humanitarian assistance to help prepare and implement EIB-backed projects and support EIB investment in fragile countries, over a period of four years.
A new EIB Fragility Helpdesk, supported with €3 million of the package, will help assess local conditions and risks and advise on how projects can be designed and implemented safely, adapted to local needs, and used to strengthen communities’ ability to cope with future crises.
The remaining €12 million will enable UNDP to prepare project documentation and support the delivery of selected EIB-financed operations on the ground.
“Addressing fragility means working together between humanitarian, development and finance partners to invest in solutions that help people avoid facing the same emergencies year after year,” said Hadja Lahbib, European Commissioner for Equality, Preparedness and Crisis Management. “This partnership will help put the EU’s new Integrated Approach to Fragility into practice. It will also help humanitarian resources go further by supporting more sustainable investments and solutions to today’s humanitarian needs.”
Projects could support farming, small and medium-sized businesses, energy, transport and other essential infrastructure required to transition from emergency aid to more sustainable solutions for people in need. They may also restore basic services and help people earn a living after a crisis.
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