Source - Funding Opportunities



Philanthropy: Soros gives US$ 50 million to Millennium Villages project

09 Oct 06

Billionaire financier and global philanthropist George Soros has dedicated US$ 50 million over 5 years to the Millennium Villages project in Africa. His donation is being matched by other donors to bring in US$ 100 million for the project, which works to reduce extreme poverty through a multi-pronged approach covering areas such as health, education, food productivity and water and sanitation.

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Africa: exploring market finance for water utilities

23 Aug 06

Mobilising resources from domestic and regional banks and financial sector institutions can compliment or free scarce public resources that can then be focused on services to the poor. Access to such market resources can also be a powerful incentive for water utility reform and improved performance.

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Central America: US$ 150 million mezzanine infrastructure fund launched

23 Aug 06

The Central American Mezzanine Infrastructure Fund (CAMIF), with a proposed target size of up to US$ 150 million, will provide mezzanine lending mainly for private infrastructure projects, including water and sanitation services.

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Asia: ADB expands water cooperation activities with US$ 3.2 million grant package

23 Aug 06

The Asian Development Bank (ADB) will use a new US$ 3.2 million grant package to finance pilot projects; support sector reform; and build knowledge, awareness, cooperation, and coordination within and outside ADB.

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Venture capital: targeting the poor - Acumen Fund’s water investment portfolio

06 Jun 06

The New York-based Acumen Fund is a non-profit venture fund that supports social innovators to three critical areas for the poor: health, housing and water. Its water portfolio has committed US$ 1.26 million so far, with another US$ 1.3 million in the pipeline.

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Co-financing: guide to finding sources

06 Jun 06

The EUWI Finance Working Group has produced a set of key sheets on finding sources of co-financing and a Financing Guide website.

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Local finance: Gurria Panel explores innovative approaches

06 Jun 06

Innovative approaches, such as output-based aid and small-scale water providers, are needed to finance local water services in the poorest countries.

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Asia: ADB to double investments in water in 2006-2010

31 Mar 06

The Asian Development Bank expects to double its investments in the water sector in 2006-2010 to well over US$ 2 billion annually, making water a core business area of its operations. Through its new Water Financing Program (WFP) about 200 million people will get safe drinking water and improved sanitation.

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Africa: more bilateral water aid for Mali, Niger, and Tanzania

14 Feb 06

Denmark has chosen Mali and Niger as programme countries for bilateral development aid, which will result in increased for the water sector. Britain will give Tanzania GBP 310 million in budget support for the period 2007-2009 for its poverty reduction programme, including water, health and education projects.

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Africa: EU launches Trust Fund for African infrastructure

13 Feb 06

The European Commission and the European Investment Bank (EIB) have agreed to create a Trust Fund for infrastructure in Africa focusing on cross-border projects for road, rail, energy, water and telecommunications infrastructure. In the start-up phase (2006-2007) the Commission intends to mobilise up to EUR 60 million in grants and the EIB up to EUR 260 million in loans for the fund.

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