23 Mar World Water Day: Commission launches €40 million to improve access to water in Africa, Caribbean and Pacific
Andris Piebalgs, EU Commissioner for Development
To mark World Water Day on 22 March, whose focus is “Water for Cities – Responding to the Urban Challenge”, the EU Commissioner for Development Andris Piebalgs announces the launch of a pooling mechanism in the framework of the ACP-EU Water Facility. €40 million are available under this mechanism, which has been created to blend grants from the European Development Fund (EDF) with loans from the EU multilateral and bilateral finance institutions to finance projects for access to water and sanitation services in African, Caribbean and Pacific (ACP) countries. This financial instrument should increase the leverage effect of the financial aid and will trigger private sector participation. It will also contribute to EU support to Developing countries’ efforts to reach the MDG for drinking water and sanitation.