Executive Board

According to Royal Decree 1460/2009, “the Executive Board of the Cooperation Fund for Water and Sanitation will study and evaluate all funding proposals from the Fund submitted to it by the Office of the Cooperation Fund for Water and Sanitation, and will decide on their submission for authorisation by the Council of Ministers, through the Minister of Foreign Affairs and Cooperation, in accordance with the procedures established in Article 15 of this Royal Decree”.

In 2021, the Executive Board held two meetings, in July and December. At the July meeting, the annual accounts were reviewed and approved, and the maximum allocation to meet the Fund’s management costs was established. At the December meeting, the four proposals for new actions for the coming years were presented: three corresponding to specific technical cooperations to be carried out by the IADB – within the FECASALC action plan – and not involving new disbursements, and one relating to an additional initiative to incorporate reinforcement measures to improve the sustainability of the actions already carried out. After listening to the comments made by the Advisory Board on all of them, the Executive Board proceeded to approve them. Finally, the draft of the Protocol for the Prevention of Money Laundering (PBC), drawn up between the ICO and the AECID, was approved.