The African Development Bank (AfDB) has approved a new policy on water that prioritises Africa’s water security and the transformation of water assets to foster sustainable, green and inclusive economic growth in regional member countries.
The new policy, based on four principles, provides a general framework for the AfDB to expand its role in promoting the integrated development and management of Africa’s water sector for inclusive and sustainable growth, said AfDB agriculture, human and social development acting VP Atsuko Toda.
“The policy aims to promote the Africa-wide attainment of a minimum platform of water security, with a special focus on areas of fragility, as well as assist African countries and sub-regional groups harness and sustain water resources productivity potential to support development.”
The first anchored principle is that attaining water security at household, national and regional levels should be recognised as a key outcome fundamental for inclusive growth, while the second principle focuses on equitable social welfare and economic growth.
“The bank will continue to advocate for an integrated approach to water development and management by striking a sustainable balance in the social, economic and environmental spheres,” explained Toda.
Principle three is centred around promoting sustainable and equitable access to water services as an enabler for the Sustainable Development Goals.
The last principle recognises that transboundary water resources management and development is a significant requirement to achieve seamless regional economic integration and the bank will actively seek to use the transboundary nature of water to enhance regional integration and promote conflict resolution.
“The AfDB’s board noted the new policy is a best practice for excellence in quality, selectivity and degree of consultation. The board’s acknowledgement will add to our motivation to see the policy diligently implemented,” added AfDB water and sanitation department officer in charge Osward Chanda.
“We are grateful for the inputs and perspectives provided by Bank departments that are part of the water ecosystem, which helped shape this water policy,” he added.
AfDB will establish an internal coordination mechanism for water-related interventions to be overseen by a committee with adequate capacity, resources and appropriate skills.