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The village lightsmith5/4/2023 ![]() ![]() The project is designed to improve the efficiency of water use, enhance water environment and public health safety and promote sustainable water management and is expected to benefit 1.2 million residents in the Bukhara region. In 2022, AIIB approved two major projects: the Bukhara Region Water Supply and Sewerage Project, Phase II in Uzbekistan and the Second Dam Rehabilitation and Improvement Project in India.įor the Bukhara project, AIIB partnered with the Government of Uzbekistan and provided USD248-million in financing to help provide access to safely managed water and sanitation services and strengthen the operational performance of the water utility in the Bukhara Region. At the end of 2022, water projects accounted for 10 percent of the Bank’s total regular financing in terms of project number, and 16 percent in terms of financing amount. ![]() Since the Bank was established in 2016, AIIB has approved 15 water projects in eight countries totaling an investment of USD3.9 billion in areas such as flood management, modernization of irrigation systems and improvement of water supply and sanitation systems. ![]() The Bank’s investment in the water sector is guided by four principles: promoting sustainable infrastructure, integrated resource management, mobilizing private capital and efficiencies and adopting innovative technology. This is why AIIB’s water sector investment is focused on three main categories-improving access to water services, increasing the availability and quality of water through improved resource management and improving resilience to the impact of water related disasters. The Bank also appreciates the need to consider that not all water challenges can be solved with infrastructure alone nor through better management alone-some balance is necessary. AIIB’s Water Sector Strategy reflects the Bank’s commitment to ensuring the availability and sustainable management of water and sanitation for all, in line with the Sustainable Development Goals (SDGs), especially SDG 6: to ensure the availability and sustainable management of water and sanitation for all. These issues require large investments in adaptation measures in water supply, sanitation, and irrigation infrastructures.ĪIIB recognizes the urgency and importance of investing in Asia’s water infrastructure today to build a better tomorrow. Over the past few years, the negative impacts of climate change have been felt across the region with more frequent extreme weather events and intense natural disasters. Meanwhile, Asia’s low-lying coastal areas are under threat of sea-level rise. Asia’s mountain systems are a global warming hotspot and warmer temperatures are feared to trigger glacial melt and lesser water predictability that could impact water, energy, and food security of over 1.9 billion people. In addition, Asia is also facing climate change-induced water challenges that are as diverse as the region’s physical geography. For example, access to piped water supply is declining in many urban areas. Many service providers are already struggling to keep up with supplying basic services. As the region’s population and urbanization rate increase, demand for water will continue to grow. More than a billion do not have access to drinking water supply and sanitation services. In addition, rapid urbanization, industrial and economic growth make Asia’s water challenges more urgent than ever.Īt least half a billion people in the region currently face water shortages. As Asia’s population rises, so does the demand for water, putting great pressure on the region’s already strained resources. The United Nations (UN) projects that Asia’s population might grow by another 750 million people over the next 30 years, reaching more than five billion by 2050. Harnessing water’s productive potential and mitigating its destructive force remain key priorities to achieving better social and economic development in Asia.Īsia is home to more than 4.5 billion people and 60 percent of the total global population. Water availability and management are crucial for economic growth, food security, public health and trade throughout Asia.
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