Cooperations carried out through Aquafund
Multi-donor promoted by the Inter-American Development Bank (IDB)
Technical Cooperations carried out through Aquafund
AquaFund is a multi-donor fund created by the Inter-American Development Bank (IADB) to develop knowledge products and platforms and replicable pilot projects, increasing the capacity of water institutions and providing support for various technical studies. In 2021, AquaFund has approved 19 new projects amounting to a total of 7.62 million US dollars. Since 2008, the Fund’s portfolio has approved 258 projects amounting to a total of 125.33 million US dollars, of which 37.8 million US dollars comes from the Multidonor AquaFund (MAF), in which Spain participates, and 87.53 million US dollars from the IADB’s contribution to its Infrastructure Ordinary Capital Strategic Development Programme (INF).
In 2021, Spain donated 450,000 euros to the AquaFund. This year, projects continued to be implemented and 16 operations were concluded. Most technical cooperation projects promote studies and reports that can develop future water programmes in line with the needs of each of the countries, which will improve their development and effectiveness. In 2021, AquaFund’s active portfolio consists of 91 ongoing operations including 16 projects that were completed at the end of the year.
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Performance of the 2021 portfolio was satisfactory, with completed projects achieving most of the anticipated outcomes and outputs. The Fund continues to support investments in water and sanitation services, adaptation to climate change, water safety measures and a gender-sensitive approach.
In 2021, AquaFund provided support to address the water challenges caused as result of the COVID-19 pandemic. In addition, it further developed the implementation of the action plan agreed with donors following the AquaFund’s external evaluation in 2017. The Fund’s progress was guided by the updated Results Framework for 2018-2021, along with the prioritisation of climate change mitigation and adaptation activities, resulting in a large and rapid increase in climate funding. In addition to this work, the communication and visibility protocol developed in 2019 was also strengthened. A further revision of the Results Framework will be undertaken to align it with the SDGs, including, for example, aspects related to service quality.
It is estimated that a new external evaluation can be prepared during 2022 with the aim of being implemented in 2023 and allowing the Fund to be defined beyond 2024, including the assessment of aspects such as its financial sustainability, relevance and efficiency.
