Speaking during the signing of a Memorandum of Understanding between Global Water Partnership Southern Africa (GWPSA) and the Development Bank of Southern Africa (DBSA), representing the Southern African Development Community Regional Fund for Water and Basic Sanitation (SADC Water Fund), late 2017, Mr Alex Simalabwi, GWPSA Executive Secretary extolled the contribution of SADC in the implementation of GWP’s programmes and projects.
“Our vision as GWPSA is to see a water secure region and world at large. We, therefore, appreciate the unwavering support we have received from SADC over the years, to advance our programmes and activities in integrated water Resources management and pursue our vision”, said Mr. Simalabwi.
The water fund was established in 2012, through the signing of an agreement between SADC and the German Development Bank, also known as, Kreditanstalt für Wiederaufbau (KfW), on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
The fund was set up with the objectives of creating an instrument to channel international cooperation partners' contributions to the water sector, developing and improving the region's water and sanitation infrastructure as well as strengthening the water sector coordination function of the REC.
The start-up phase of the fund, which was established as the key financing facility for the development of the water sector in SADC countries, is being managed and implemented by DBSA on behalf of the SADC Water Fund since 2014.
Besides managing the Water Fund on for the regional economic body (REC), DBSA is handling the SADC Project Preparation and Development Fund (PPDF), which seeks to create a conducive investment environment by financing the preparation of infrastructure projects.
“The memorandum will see the extension and strengthening of a long-standing relationship between GWP and SADC. In pursuit of the SADC Water Fund’s objectives, the memorandum will see GWP and DBSA cooperating and collaborating on the development and financing of mutually beneficial projects, as well as knowledge sharing on water infrastructure projects to benefit the whole region”, said Mr. Simalabwi.
Furthermore, the relationship will see the strengthening of the SADC water sector project development and implementation as well as firming the coordinating function of SADC in supporting member states to access finance and develop water infrastructure.
SADC has a well-established relationship with GWP, which has led to many achievements in support of the implementation of the SADC Regional Strategic Priority Action Plans in the water sector over the last decade in areas of water resources management, environment and climate change.