EDB Weighs Main Water Challenges Facing Central Asia
Date
12/6/2024 3:06:25 AM
(MENAFN- Trend News Agency)
ALMATY, Kazakhstan, December 6. Solving nexus
[interconnected relationship between water, energy, and food
systems] problems is critical to Central Asia's prosperity,
Chairman of the Management Board of the Eurasian Development Bank
(EDB) Nikolai Podguzov said, Trend reports.
He made the remark during the session titled "Partnerships in
Central Asia: Addressing global challenges through local lenses"
within a conference "Promoting Sustainable Development in Central
Asia" today.
"Currently, the region is losing 40 percent of its irrigation
water and more than 50 percent of its drinking water. The EEC
(Eurasian Development Bank) believes that addressing the Nexus
issues is crucial for the well-being of Central Asia," he
explained.
Podguzov highlighted that this calls for a holistic game
plan.
"It's necessary to address the irrigation water deficit in 5–12
square kilometers. Over the past year, Central Asia has made
significant progress.
We also need to provide 10 million people in the region with
access to safe drinking water," he mentioned.
He asserts that we must fully utilize the region's hydropower
potential to meet the growing demand for energy.
"Solving all these problems requires deep knowledge of the
region, unique project expertise, substantial investments, and
cooperation," Podguzov added.
The conference serves as a forum for discussing the challenges
and opportunities of regional development, as well as for
exchanging experiences among international organizations and
international financial institutions operating in Central Asia.
The Eurasian Development Bank is an international development
finance agency that invests in the economic development, commercial
relations, and integration of Eurasian countries. The EDB was
established in 2006 and is based in Almaty, Kazakhstan.
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