The African Development Bank (AfDB) has approved a five-year strategy that aims to increase water security and foster sustainable, green and inclusive growth and development in Africa.
The Water Strategy for 2021-2025, Towards a Water-Secure Africa, aims to increase water security in Africa and to foster its sustainable, green and inclusive socio-economic growth and development.
Dr Beth Dunford, AfDB Vice President for Agriculture, Human and Social Development: “This is a significant milestone for the AfDB in terms of seeing water development and sanitation as key components toward improving the quality of life for the people of Africa.”
She said the strategy would help the AfDB Group expand its role as the continent’s partner, while promoting integrated development and management of Africa’s water sector.
The strategy will guide the AfDB’s implementation of its Policy on Water, which it approved earlier this year.
The Water Strategy’s four pillars underscore the importance of water and sanitation for socio-economic development; sustainability, resilience and inclusivity; food production and nutrition; and hydropower.
The Water Strategy aligns with the AfDB’s High 5s and thus contributes to the achievement of the Sustainable Development Goals and the African Union’s Agenda 2063.
Oswald Chanda, AfDB Director for Water Development and Sanitation: “Water is a key enabler for many of the United Nations Sustainable Development Goals and the Bank considers water to be essential for life, health, dignity, empowerment, environmental sustainability, peace and prosperity.”
More than 100 stakeholders provided inputs to develop the strategy, which the AfDB Board lauded as exemplary.
Since 2010, the African Development Bank has invested an estimated $6.2 billion in water supply and sanitation services. At the end of October 2021, the AfDB’s active water sector portfolio stood at $5.02bn, comprising 104 projects implemented in 40 countries and five multinational projects.