NEW YORK CITY – From March 22-24, U.S. International Development Finance Corporation (DFC) Chief Climate Officer (CCO) Jake Levine led a team of DFC officials to New York City for the 2023 United Nations Water Conference. DFC officials affirmed commitments to address global water security and held meetings with high-level government and private sector leaders.
"Global water security is essential to U.S. national security, development, and global stability," said DFC CCO Jake Levine. "We are pleased to be at the conference to identify concrete actions to achieve a water-secure world in alignment with the Biden-Harris Administration's Global Water Security Plan."
DFC announced it will provide $100 million in financing to WaterEquity’s Global Access Fund IV to improve sanitation and water security for millions of people in Asia, Africa, and Latin America. The Fund will support microfinance institutions in developing nations to provide microloans for water and sanitation investments in low-income communities. The Fund anticipates reaching millions of people in low-income communities.
CCO Levine also participated in a signing ceremony in support of DFC's $10 million investment in the Water Access Acceleration Fund, which will support investments in potable water businesses in Africa and Asia. The Fund will invest in water enterprises that provide affordable access to safe drinking water to communities in low- and lower-middle income countries. The Fund is expected to provide billions of liters of safe drinking water to millions of people.
###
The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.