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The African Cities Water Adaptation Fund
The African Cities Water Adaptation Fund (ACWA Fund), a key instrument of the Urban Water Resilience Initiative led by the World Resources Institute (WRI), aims to finance innovative urban water resilience projects across 100 African cities by 2032. The fund employs a blended finance model—combining grants, concessional loans, equity, and debt—to address a $66 billion infrastructure investment backlog in sub-Saharan Africa. It operates through a three-stage process: developing city-region scale water resilience action plans, preparing and investing in a standardized 'investment menu' of low-cost solutions, and maturing these programs through standardized toolkits and policy reform to enable scaling.
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Document type: Fact sheet