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EU's 2004 Water Facility initiative for the African, Caribbean and Pacific (ACP) countries.

Early in 2004 the European Union (EU) launched a €500 million Water Facility for the African, Caribbean and Pacific (ACP) countries - the single biggest EU allocation ever for water and sanitation projects. The ACP-EU Water Facility reflects the commitment of the EU to enhancing the lives of people on many continents by bringing them the essentials of a decent life – safe drinking water supplies and reliable sanitation.

This combined initiative by the European Union and 77 states of the African, Caribbean and Pacific community is a step in the process of meeting the Millennium Development Goals and the objectives of the World Summit for Sustainable Development in Johannesburg in 2006.

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"The aim of the ACP-EU Water Facility will be both to provide rapid relief in cases of dire necessity – situations where safe water and appropriate sanitation are totally or largely lacking – and to ensure improved and integrated management of water resources".

The ACP-EU Water Facility will promote new initiatives, provide technical assistance, build research and management capacity in ACP countries and, most importantly, ensure local ‘ownership’ for the communities that benefit from its provisions. The innovative aspect of the Water Facility is the flexibility it offers as a source of grant funding - often the ‘missing link’ in financing water and sanitation programmes. It will play a vital role in generating additional funds for water and sanitation."