-The Asian Development Bank joins the Global Partnership on Sanitation and Water for All, hosted by the United Nations
GENEVA, Nov. 10, 2022 /PRNewswire/ -- The Asian Development Bank (ADB) has formally joined the global alliance on Sanitation and Water for All, hosted by the United Nations, committing to improve the safety and resilience of the water in the Asia-Pacific region.
The SWA alliance brings together 305 partners, including other leading financial institutions such as the African Development Bank, the Inter-American Development Bank and the World Bank.
Currently, two billion people in Asia and the Pacific lack adequate water and sanitation. This keeps people in poverty, fuels infectious diseases, and hides economic growth.
The ADB estimates that the region needs an annual investment of some $60 billion in capital for water-related infrastructure and services.
Through their partnership, SWA and ADB will work to mobilize innovative financing to meet infrastructure and service needs. In addition, they will work with government partners to scale up climate adaptation and mitigation strategies to address growing water scarcity and threats to sanitation infrastructure.
"Water is present in the seven operational priorities of the ADB, such as fighting poverty, fighting climate change, accelerating gender equality and improving the livability of our cities. Address water security problems of the region is critical to meeting the UN Sustainable Development Goals," said Neeta Pokhrel, Head of the ADB's Water Sector Group.
SWA CEO Catarina de Albuquerque added: "The ADB brings enormous convening power in the region, as well as significant knowledge and experience in the water and sanitation sector. We are delighted to work with them to drive the will policy and accelerate their efforts to make these human rights a reality."
ABOUT THE ASIAN DEVELOPMENT BANK (ADB)The ADB is committed to achieving a prosperous, inclusive, resilient and sustainable Asia and Pacific, while continuing its efforts to eradicate extreme poverty. Founded in 1966, it is participated by 68 members -49 from the region.
ABOUT WATER AND SANITATION FOR ALL (SWA) SWA is a United Nations-hosted association working towards a joint goal of water, sanitation and hygiene for all. Our partners include governments, utilities, regulators, donors, financial institutions, UN agencies, research and civil society organizations and the private sector. For more information, visit www.sanitationandwaterforall.org.
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