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ASIAN DEVELOPMENT
BANK SAYS SUSTAINED WATER SECTOR INVESTMENT CAN HELP FUEL GROWTH IN ASIA:
03/07/2009 (MaximsNews Network)
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UNITED NATIONS - / MaximsNews Network / 3
July 2009 - MANILA,
PHILIPPINES – Governments in Asia and the Pacific must continue to invest in
water infrastructure in spite of the economic crisis or face fundamental
threats to their economic growth and social development, ADB President
Haruhiko Kuroda said last week.
Speaking
at the opening of the Singapore
International Water Week (SIWW) 2009, Mr. Kuroda expressed concern that
national and municipal governments would react to the economic crisis by
cutting or postponing infrastructure investments, particularly in the water
and wastewater management sector.
"This
is actually the time to be sustaining and increasing financing to fuel
infrastructure investment to be the engine of growth once again," Mr.
Kuroda said.
"Stagnant
investments in this sector may compromise our energy and food security, as
well as our economies and environment, creating a significant new threat to
both poverty reduction and economic growth."
Mr.
Kuroda said that economic recessions can present opportunities, noting that a
shortage of public funding for water sector infrastructure could be filled by
private sector investments.
In
2004, 635 million people in the Asia-Pacific region did not have access to
safe drinking water, and 1.86 billion people currently do not have access to
adequate sanitation. Additionally, the region's recent strong economic growth,
population pressures, and increased urbanization have combined to sharply
increase water use, while pollution and climate change pose further threats to
the precious resource.
ADB's Water
Financing Program 2006-2010 seeks to double investments in rural and urban
water services and basin water management to well over $2 billion annually.
Projects approved to date under the program will provide more than 95.5
million people access to safe drinking water and improved sanitation.
The
Singapore International Water Week 2009, held at the International Convention
and Exhibition Centre in Singapore from 22 to 26 June, brings together
policymakers, industry leaders, experts and practitioners to address
challenges in the area of water management and showcase sustainable and
cost-effective solutions.
More
than a dozen ADB experts spokre or participated at SIWW events.
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