ADFD invests in global water projects: The Abu Dhabi Fund for Development (ADFD) has launched a Global Water Platform aimed at mobilizing USD 2 bn from local and international financing institutions to finance water and food-security projects globally, targeting around 10 mn beneficiaries, according to a post on X and a press release. ADFD will itself allocate an initial USD 1 bn for deployment through 2030.

ADFD has already been backing water projects in EMs: As we previously reported, the fund is backing a USD 300 mn potable-water project in Mauritania alongside Arab and international financiers. This platform takes its efforts a step further, with not only a big-ticket investment but a platform that allows it to drum up a diverse range of funding, from export finance to private equity investments and guarantees, that would together work to de-risk high-capital water projects in emerging markets.

What to watch: The platform will also play a role in inking agreements to develop water security projects and support research in the sector, the statements said.

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