The Board of Directors of the African Development Bank AFDB said it has approved a new Water Strategy for 2021-2025.
In a statement issued in Abidjan, the bank titled the five-year water strategy as: “Towards a Water-Secure Africa’’ and said it was approved on November 17th.
It aims to increase water security in Africa and to foster its sustainable, green and inclusive socio-economic growth and development.
The bank’s Vice-President for Agriculture, Human and Social Development, Beth Dunford, said it was a significant milestone for the bank.
This, he explained, was in terms of regarding water development and sanitation as key components to improve the quality of life for the people of Africa.
She said the strategy would help the bank to expand its role as the continent’s partner, while promoting integrated development and management of Africa’s water sector.
The strategy is expected to guide AfDB’s implementation of its policy on water, which it approved earlier in 2021.