Hungary joins the work of the Asian Infrastructure Investment Bank (AIIB) through the water sector. In the coming weeks, it shall be reviewed what projects Hungarian companies and government agencies could take part in – said Mr Levente Magyar, State Secretary of the Ministry of Foreign Affairs and Trade of Hungary, during the conference entitled „Water Connects – Enabling the Environment for Investments in the Water Sector.”
The conference, organized by the Ministry of Finance, the Ministry of Foreign Affairs and Trade and Exim Bank as a lead-up event to this year’s Budapest Water Summit, also served as an opening event of the Annual Meeting of AIIB.
In his opening speech, the State Secretary of the Ministry of Foreign Affairs and Trade praised Hungary for its highly skilled labour.
Mr Magyar emphasized that Hungary was amongst the very first countries in the region to join AIIB, whose goal is to finance large-scale infrastructure projects especially in Asia.
Mr László Balogh, Deputy State Secretary for Financial Policy, said that the Government of Hungary believed that water management must play a crucial role in international development policy. He added that new technologies developed by Hungarian experts and the increased financial contribution of international development banks could together make regions hit by intense water shortage and water pollution more livable. He also explained that AIIB was one of the first banks to finance large development projects to an extent that is comparable to the financial contributions of many Western banks. Current global political and economic trends are good indicators of the rapid development that is happening in Asia. AIIB as well as numerous similar initiatives attest to the growing power of the continent.
According to Mr Balogh, water shortage and water pollution, which are mostly present in economically less developed regions, require strategic decisions. Providing the local populations with the necessary amount of clean drinking water is a major challenge. He epmhasized that if these projects were successful, the increasingly frequent waves of migration from these regions could be stopped, as these waves are largely the consequences of water shortages and subsequent conflicts. AIIB is expected to play a major role in overcoming these challenges. Hungary is certainly hopeful about its future cooperation with the organization – said Mr Balogh.
Mr Dany Alexander, Vice President of AIIB, emphasized that the Asian Infrastructure Investment Bank is the first Chinese financial project that is open to any country to join. Currently, it has 97 members.
In the past three and a half years, 39 projects in 15 different countries have been approved by AIIB. The total value of these projects is close to USD 8 billion.
Meeting of the International Programme and Drafting Committee (IPDC) of the Budapest Water Summit 2019 was held in Balatonfüred
The preparatory body of the Summit has now come together for the second time in the Conference Room of the Ministry of Foreign Affairs and Trade of Hungary.
The organisers of the Budapest Water Summit 2019 are again providing the opportunity to hold side events on the margins of the conference. Application for organising side events was closed on 5 June 2019.
Only 0.007 percent of the Earth's water resources are on the surface and are easily accessible, not too polluted, and almost immediately useable - interview with Mr Csaba Kőrösi, Director of Directorate for Environmental Sustainability at the Office of the President of the Republic of Hungary.
With the participation of the relevant ministries, professional organisations and educational institutions, the Organising Committee of the Budapest Water Summit 2019 (BWS2019) held its inaugural meeting on 6 February 2019.
Building on the success of the events held in 2013 and 2016, Hungary will host the third Budapest Water Summit in 2019. Under the patronage of H.E. Mr János Áder, President of Hungary, the conference will take place on 15-17 October 2019. The conference is organised by the Government of Hungary.
The Budapest Water Summit 2016 (BWS 2016), held in Budapest on 28-30 November 2016, was one of the most important water-related events on a global scale in 2016. Over 2,200 participants from 117 countries gathered in Hungary’s capital. Focusing on the implementation of the Sustainable Development Agenda, the Summit also adopted a plan of action for measures to be implemented in the next 15 years in order to tackle water-related challenges.
The first Budapest Water Summit held in 2013 clearly contributed to the adoption of a stand-alone Sustainable Development Goal on water-related challenges (Sustainable Development Goal 6 – Water and Sanitation). The event had more than 1,400 registered participants from 105 countries and was attended by the UN Secretary-General.