Africa Water, Sanitation & Hygiene September - October 2016 Vol. 11 No.4 | Page 20

Press Release on which interest or other charges on the Loan will fall due in accordance with the Loan Agreement, after the expiration of the said grace period. The Loan bears interest at the rate of 1.5% per annum, in addition to a service charge of 0.5% per annum to meet administrative costs and other expenses related to the implementation of the Loan Agreement. This loan represents the 42nd loan made by Kuwait Fund for the financing of projects in the Arab Republic of Egypt, as the Fund has previously made 41 loans to the Government of the Arab Republic of Egypt or to entities which are subordinate to it, to finance projects in various sectors, with a total amount of about Kuwaiti Dinars 751 Million (equivalent to about US$ 2.533 Billion). The Fund also provided nine grants and technical assistance allocations to Egypt with a total amount of about Kuwaiti Dinars 2.99 Million (equivalent to about US$ 10.17 Million) allocated for financing technical and economic feasibility studies for certain projects, and financing other activities. Kuwait Fund also administered two Grants provided by the Government of the State of Kuwait to the Arab Republic of Egypt with a total amount of about Kuwaiti Dinars 4.8 Million (equivalent to about US$16.8 Million) for the purpose of reconstruction of some schools that were affected by earthquake in 1992, and the reconstruction of some villages that were damaged by floods in 1995. IRC helps AMCOW develop a new process to monitor the N’gor declaration A t the 2016 Africa Water Week, civil society called on the African Ministers’ Council on Water (AMCOW) to honour the region’s commitments on water, sanitation and hygiene, including those agreed in the 2015 N’gor declaration. The four partner organizations in Watershed - empowering citizens, Akvo, IRC, Simavi and Wetlands International, were among those that endorsed the collective statement submitted to AMCOW by the African Network for Water (ANEW). Progress especially on sanitation has so far been poor; only 4% between from 2000 to 2015, according to Al-hassan Adam from End Water Poverty. A recent IRC/WSUP finance brief stated that only eight African countries provide data on sanitation expenditure. All of them are falling behind on their N’gor declaration commitment to spend 0.5% of their Gross Domestic Product (GDP) 18 Africa Water, Sanitation & Hygiene • September - October 2016 on sanitation. Exerting pressure to speed up progress on sanitation is an obvious task for those civil society organizations (CSOs) that Watershed aims to support. Next to lobbying AMCOW to honour its sanitation commitments, IRC is also advising the ministerial council on the development of a new process to monitor the N’gor declaration. The aim of the new monitoring process is to create reflective dialogue processes at country and subregional levels and strengthen mechanisms for accountability to citizens and political leaders informed by evidence. So far a Regional Action Plan has been developed, and indicators and scoring criteria have been reviewed through a series of sub-regional consultations led by AMCOW in Nairobi, Dakar and Johannesburg in May and June 2016. See below an example of an indicator with scoring criteria.