ADFIAP and USAID’s Environment Cooperation Asia (ECO-Asia) signed a memorandum of understanding in Bangkok during the latter’s Regional Workshop on Water Supply and Sanitation held in the Thai capital. The MoU provides a basis for cooperation for both organizations on promoting and facilitating the development of innovative financing schemes for the water sector in the region.
ADFIAP and ECO-Asia share the common objective of supporting sustainable development in Asia. Under its Hanoi Declaration No. 5, ADFIAP and its member development financing institutions (DFIs) commit to exploring opportunities for facilitating water sector financing.
The MoU covers the following collaborative activities:
* co-organizing regional knowledge and practical exchanges such as workshops, training and networking events to promote dialogue between and increase awareness of the needs and requirements of water service providers and financial institutions;
* promoting and facilitating investment opportunities between water service providers and/or customers and ADFIAP member-banks;
* promoting and facilitating cooperation arrangements between international donors or financing institutions interested in water sector financing through or in cooperation with ADFIAP member-banks;
* documenting best practices in water sector finance and, where applicable, developing new and innovative financing modalities for the benefit of the water sector.
Mr. Paul B. Violette, ECO-Asia Chief of Party, and Mr. Octavio B. Peralta, ADFIAP Secretary General, signed the cooperation document.