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NEWS AND EVENTS
September 22, 2014
The World Bank and the International Fund for saving the Aral sea has signed a Memorandum of understanding
The World Bank and the Executive Committee of the International Fund for saving the Aral sea has signed a Memorandum of understanding that will strengthen the cooperation in improving the management of water resources, socio-economic and ecological situation in the Central Asian region.

The Memorandum was signed by Shavkat Khamraev, acting Chairman of the Executive Committee of the International Fund for saving the Aral sea (EC-IFAS) and Saroj Kumar Jha, World Bank regional director for Central Asia.

The Memorandum establishes a framework for cooperation in the development of a series of events from the third Aral sea basin Program to assist the States-founders of IFAS (the Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Republic of Turkmenistan and Uzbekistan) in improving the welfare of the population of Central Asia through improved environmental and water situation and the achievement of sustainable development in the Aral sea basin.

“Signed today the Memorandum raises the cooperation between the World Bank and IFAS to a new level. Together we have committed, by definition, a number of important activities that will support the well-being of millions of people who depend on the flow of the rivers of Amudarya and Syrdarya”, -said Saroj Kumar. - This work is important for all economies in the region due to the emergence of new issues in water management associated with stable economic growth and climate change. We are pleased to work in partnership with the Executive Committee of IFAS, which plays an important unifying role in working together to overcome these new challenges and opportunities to improve water resources management”.

The World Bank and the EC-IFAS will cooperate in the identification of potential regional and national investment projects and technical assistance, including analytical work, knowledge sharing and capacity building in the countries-members of the IFAS. These projects will be aimed at the exchange of data at the regional level and the development of management information systems, improved and more efficient use of water resources, improving the safety of dams and mitigate disaster risk.

To determine the scale and design of potential regional and national projects, the World Bank and the EC-IFAS will work in close cooperation and coordination with the countries-members of the IFAS and regional institutions, in particular with the Interstate Coordination of Water Commission (ICWC), the International Commission on sustainable development (ICSD) and the Regional centre of hydrology (RCH).

(Source: UzReport.uz)


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