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Home Business BANKS

ADB Targets Coordinated Water Management in Central Asian Nations

The FINANCIAL by The FINANCIAL
October 27, 2008
in BANKS
Reading Time: 1 min read
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The FINANCIAL — The Asian Development Bank (ADB) is aiming to enhance regional cooperation on vital Central Asian waterways whose management and protection are crucial to the region’s economic growth and social well-being.

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The Syr Darya and Amu Darya rivers, which criss-cross a large part of Central Asia, support most of the agricultural output in the Aral Sea basin and have significant hydropower capacity and potential. A lack of cooperation among the Central Asian countries – Afghanistan, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan – in managing their shared water systems has been a key constraint that threatens to undermine the region’s development.

“The lack of regional cooperation on water resources poses a major threat to economic integration and growth in Central Asia,” said Thomas Panella, Senior Water Resources Management Specialist with ADB’s Central and West Asia Department.

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ADB has approved a $998,000 regional technical assistance grant which will be used to support knowledge-sharing on water resources in the region and strengthen the capacity of institutions tasked with managing them.

The grant came from a multi-donor trust fund under an ADB-administered Water Financing Partnership Facility. The Trust Fund contributors are the governments of Australia, Austria, and Norway.

The assistance will involve regional initiatives covering the Amu Darya and Syr Darya river basins and the Chu and Talas river basins, as well as help establish a forum for exchanging ideas and developing future action plans.

The project builds on previous ADB technical assistance from 2004 to 2007 that helped initiate regional water policy dialogues and the development of water management capacity.

 

 

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