ICA to provide financial support for next phase of WACDEP
11 May 2016
The Infrastructure Consortium for Africa (ICA) is to provide further financial support to help ensure the successful implementation of the next phase of the Water and Climate Development Programme – WACDEP.
Managed and implemented by the Global Water Partnership (GWP), the WACDEP aims to integrate water security and climate resilience in development planning processes, build climate resilience and support countries to adapt to a new climate regime through increased investments in water security.
The ICA’s grant will, primarily, finance the appointment of an expert to support WACDEP’s implementation of work relating to project preparation and financing. During the first WACDEP phase, ICA’s contribution to the programme helped to develop 20 project concept notes and leveraged financing of €15.5m to take the projects further.
This support is an example of the work of the ICA’s Water Platform, which strives to scale-up financing for sustainable water infrastructure in Africa, and is in line with the Platform’s mandate to facilitate resource mobilisation and implementation of regional programmes.