PR98725

GENEVA, Nov. 10, 2022 /PRNewswire=KYODO JBN/ --

The Asian Development Bank (ADB) has formally joined the UN-hosted Sanitation

and Water for All global partnership, committing to improving water security

and resilience in the Asia-Pacific region.

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The SWA partnership convenes 305 partners, including other prominent financial

institutions such as the African Development Bank, the Inter-American

Development Bank and the World Bank.

Today, two billion people in Asia and the Pacific lack adequate water and

sanitation. This entrenches people in poverty, fuels infectious disease and

hiders economic growth.

The ADB estimates that the region needs an annual investment of about $60

billion in capital investment for water-related infrastructure and services.

Through their partnership, SWA and the ADB will work to mobilize innovative

financing which meets infrastructure and service needs. Additionally, they will

work with government partners to scale up climate adaptation and mitigation

strategies to address increasing water scarcity and threats to sanitation

infrastructure.

"Water cuts across all of ADB's seven operational priorities including

combatting poverty, tackling climate change, accelerating gender equality and

improving livability in our cities. Addressing the region's water security

challenges is critical to delivering on the United Nations Sustainable

Development Goals," said Neeta Pokhrel, Chief of 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 expertise in the water and

sanitation sector. We are thrilled to work with them to boost political will

and accelerate their efforts to realize these human rights."

ABOUT THE ASIAN DEVELOPMENT BANK (ADB)

The ADB is committed to achieving a prosperous, inclusive, resilient, and

sustainable Asia and the Pacific while sustaining its efforts to eradicate

extreme poverty. Established in 1966, it is owned by 68 members—49 from the

region.

ABOUT SANITATION AND WATER FOR ALL (SWA)

SWA is a United Nations-hosted partnership working towards a joint objective of

water, sanitation, and hygiene for all. Our partners include governments,

utilities, regulators, donors, financial institutions, UN agencies, civil

society and research organizations and the private sector For more information,

visit www.sanitationandwaterforall.org .  

SOURCE Sanitation and Water for All (hosted by UNICEF)

CONTACT: Alexandra Reis, Head of Communications, Sanitation and Water for All

(SWA), Alexandra.reis@sanitationandwaterforall.org