Previous Story
African Development Bank (AfDB) pioneered new strategy on Geyser the Multilateral lender announced
Posted On 08 Jul 2021
By Abdul Rahman Bangura–
Photo Credit: Ecomnews Med
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- From a press release, the event was heeded by the Bank’s Acting Vice President for Agriculture, Human and Social Development – Atsuko Toda, and Osward Chanda – Acting Director, Water Development and Sanitation Department. Communicating at the event,
Toda emphasized the significance of the water policy to the AfDB’s endeavors to enhance the vitalities of Africans. “This new water policy provides a general framework for the African Development Bank Group’s water sector.
It is established on an intense gratitude of the causal marriage between water security and economic growth,” she announced. Toda let out the policy intends for to increase Africa’s water security and transform its water properties to promote sufferable green and inclusive socio-economic growth and development.
“The bank is committed to a water-secure Africa where there is the equitable and sustainable use and management of water resources for quality socio-economic transformation,” she added. Climate change-induced water scarcity could cost the Sahel up to 11% of gross domestic product, spur migration, and spark conflict, Toda said. “Water is a key factor in managing risks related to famine, pandemics, migration, inequalities within and among countries, and political instability,” she expanded. Investing in the water sector will also be critical to accomplishing the UN Sustainable Development Goals. Chanda announced the policy concentrates on other topics such as water supply, sanitation, and hygiene – also known as WASH – water for food and water for energy, and trans boundary water management.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
Email: Info@newafricabusinessnews.com
AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com
Thank you always for the reports. African Development Bank is doing great job in all regions in the continent. Cairo Egypt. Hassana
Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com
Water is very important and the bank’s leadership on this is good. Kampala in Uganda. Joseph
Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com
In Afrika we don’t want to see water scarcity and that’s what the bank is addressing. EXCELLENT! Lamine in Conakry Guinea
Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com
Love your daily newsletters and thank you. Berlin in Germany. Kevin
Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com