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AfDB Advocates Innovative Sources of Funding in Water and Sanitation Sector - 3rd Africa Water Week
In order to promote more innovative approaches in tapping non-traditional sources of funding, the African Development Bank is leading a thematic session on “Financing Investments in Water for Growth and Development”, during the 3rd Africa Water Week (Addis Ababa, 22-26 November 2010).
As evidenced by an update carried out by the AfDB on the costs for achieving the Africa Water Vision, there are still significant gaps in water financing, a fact corroborated by the results of the Africa Infrastructure Country Diagnostic Study.
An estimated US$45 - 60 billion is required annually to meet Africa’s water infrastructure requirements, of which drinking water supply and sanitation represents some US$11 billion.
The session will provide the expected 500 participants including ministers, basin organizations representatives and other sector actors an opportunity to showcase innovative and successful approaches in mobilizing financing and to facilitate peer-learning. Discussions will focus on country case-studies and experiences from an array of stakeholders on non-traditional sources of financing.
The session, spanning two days, is led in cooperation with the Global Water Partnership (GWP), the Water and Sanitation Program, Africa (WSP) as well as the African Water Facility, an African Ministers’ Council on Water (AMCOW) initiative hosted by the AfDB.
The AfDB will also launch during the 3rd Africa Water week two major reports. The “Water sector governance in Africa” report finds that poor governance has been a major reason for the poor record of sustainability of water and sanitation services affecting millions of Africans.
The “Guidelines for User Fees and Cost Recovery for urban and rural water and sanitation” touch upon a very critical issue for all water sector investments: how to ensure that water and sanitation services are financially viable, in addition to being environmentally and socially sustainable?
A side event will be dedicated to sharing the findings from the country status overviews from 32 African countries. The reports track sector performance and constraints, clearly identifying barriers along the service delivery pathway, to inform relevant policy actions for sector reform and accelerate progress of the water and sanitation Millennium Development Goals. The AfDB has supported the process in 4 countries – Chad, Gambia, Zambia and Nigeria (3 States).
The 3rd Africa Water Week will be held under the theme “Implementing the Africa Water Vision and the MDG target: Challenges and opportunities in water and sanitation”.
| Contact information |
CHAHED, CHAWKI, Senior Communications Officer, Infrastructure, Regional Integration and Private Sector Vice Presidency, 1002 Tunis-Belvédère, Tunisia
(email: c.chahed@afdb.org) Phone: +216 71 10 27 02 ; M. +216 98 70 31 68 |
|---|---|
| News type | Inbrief |
| File link | n/a |
| File link local |
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| Source of information | AfDB |
| Keyword(s) | water financing |
| Subject(s) | FINANCE-ECONOMY , INFRASTRUCTURES , POLICY-WATER POLICY AND WATER MANAGEMENT |
| Relation | http://www.emwis.org/documents/fol195274 |
| Geographical coverage | Ethiopia, |
| News date | 20/11/2010 |
| Working language(s) | ENGLISH |
