AFDB con­trib­utes to In­no­va­tive Fund­ing of Water

The Pak Banker - - 6BUSINESS -

The African Devel­op­ment Bank Group is com­mit­ted to sup­port­ing its re­gional mem­ber coun­tries in their quest to in­crease sus­tain­able ac­cess to safe water and ba­sic san­i­ta­tion in ur­ban and ru­ral ar­eas. In line with this com­mit­ment, AfDB Vice-Pres­i­dent Gil­bert Mbesherubusa led the Bank’s par­tic­i­pa­tion at the just-con­cluded Nige­rian Pres­i­den­tial Sum­mit on in­no­va­tive fund­ing of the water sec­tor held in Abuja.

More than 300 par­tic­i­pants, com­pris­ing Nigeria’s en­tire po­lit­i­cal lead­er­ship, in­clud­ing Pres­i­dent Good­luck Jonathan, pri­vate-sec­tor rep­re­sen­ta­tives, lead­ing in­fra­struc­ture ex­perts and in­vestors, as well as re­gional and in­ter­na­tional water stake­hold­ers were con­vened to ex­plore op­por­tu­ni­ties and so­lu­tions to water chal­lenges in Nigeria. More specif­i­cally, sum­mit par­tic­i­pants fo­cused on rais­ing aware­ness of water and san­i­ta­tion as a key driver of so­cial and eco­nomic devel­op­ment, and to ex­plore how in­no­va­tive fund­ing modal­i­ties can con­trib­ute to strength­en­ing sec­tor per­for­mance.

Agenda high­lights in­cluded Mbesherubusa’s pre­sen­ta­tion of a good­will speech dur­ing the open­ing cer­e­mony and AfDB Res­i­dent Rep­re­sen­ta­tive in Nigeria Ous­mane Dore’s par­tic­i­pa­tion in a panel on the role of donors in pro­mot­ing and im­ple­ment­ing in­no­va­tive fund­ing mech­a­nisms. The highly in­ter­ac­tive sum­mit, which ran from Fe­bru­ary 18 to 19, also pro­vided a strate­gic frame­work for a shared and com­mon aware­ness of the multi-level im­pact of water.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.