Water Pavilion at COP27 STARTS Tomorrow (November 8th) with a Session on: “Financing Climate Resilience through Investments in Water”

Starting Tuesday November 8th, 2022, the COP27- Water Pavilion  will start with organizing a session on “Financing Climate Resilience through Investments in Water”.  The Session is hosted by the Asian Development Bank(ADB), World Resources Institute (WRI), and the African Development Bank(AfDB).    Heads of States, Prime Ministers and line Ministers are expected to take part in the “High Level Inaugural Panel for Investment in Water in Africa” starts at 2:00 PM. 

The session on Novem 8th will include the following topics:

The aim of the Water Pavilion is to deliver cutting-edge, science-based advice to climate decision-makers and negotiators. The Water Pavilion  will be led by the Egyptian Ministry of Water Resources and Irrigation,  in partnership with FAO and mobilizing more than 30 different global organizations, institutions, governments, and companies. Throughout COP27, the Water Pavilion will organize a diverse set of events that combine scientific knowledge with case studies and best-practice examples from across the world. 

In 2022, the FAO-Investment Center in collaboration with Stockholm Environment Institute published a report on “Investing in Agricultural Water, Sustainably-Recent trends in Financing Institutions”.  In this report, the authors consider the role of International Financial Institutions (IFIs) in agricultural water investments and the types of finance they use, in particular the largest IFIs, the World Bank and the Asian Development Bank. Then using key informant interviews, literature reviews and data analysis they assess those investments in agricultural water over a decade, 2010-19, compared to the previous decade.  For more information on the work of the FAO Investment Center click here.