The Water Financing Program (WFP), launched in 2006, has been driving ADB’s water investments in the Asia and Pacific region. It provided the rationale for water to become a core area of ADB operations.
Under the WFP’s initial phase (2006-2010), ADB devoted 25% of its investment portfolio to water projects and increased its water investments to well over $2 billion annually, delivering a total $11.44 billion in investments by the end of 2010.
In this decade, the WFP’s target investments will be sustained at $2.0 billion-$2.5 billion annually or a total of $20 billion-$25 billion by end of 2020.
Current investment focus
The WFP currently focuses on specific priority thrusts set out by ADB’s Water Operational Plan 2011–2020. These are:
- Increased efficiencies in water use across the range of users
- Expanded wastewater management and re-use, including sanitation
- Embedded integrated water resources management, including improved risk management to mitigate floods, droughts, and other water-related disasters
- Expanded knowledge and capacity development that uses technology and innovation more directly
- Enhanced partnerships with the private sector
Outcomes and impact
The WFP targeted outcomes for 2006-2020 are:
- 500 million people with sustainable access to safe drinking water and improved sanitation
- 170 million people with reduced risks to flood
- 95 million people with more productive and efficient irrigation and drainage services
- 30 river basins introduced to integrated water resources management
- Improved water governance through national water reforms and capacity development
The envisioned long-term impact of the WFP is a significant increase in the number of people in the Asia and Pacific region with access to reliable and affordable water services for safe water, sanitation, and productive livelihoods, and reduced risk of flooding. Effective and sustainable integrated management of water resources in river basins for sustained economic growth and environmental improvement is expected.
The WFP ensures the delivery of substantial investment, reform, and capacity development programs in these key areas:
- Rural water – focusing on investments to improve health and livelihoods in rural communities, including those for water supply and sanitation, and irrigation and drainage.
- Urban water – concentrating on sustaining economic growth in cities through investments in water supply, sanitation and wastewater management, and environmental improvement.
- Basin water – promoting IWRM and healthy rivers through investments in infrastructure and management of multifunctional water regulation and hydropower facilities, flood management, watershed and wetlands conservation, and more.
To support the WFP’s implementation, ADB established the Water Financing Partnership Facility (WFPF) in November 2006 to mobilize additional financial and knowledge resources from other development partners. The WFPF has since supported the WFP with technical assistance support, grant components of investment projects, knowledge management, and regional cooperation. More