Financing a Water Secure Future
This report presents a summary of the key challenges and opportunities related to financing that contributes to water security and sustainable growth distilling insights from the Roundtable on Financing Water and related analyses. It covers a broad range of water-related investments, including water and sanitation services, water resources management, agricultural water and managing water-related risks (“too much”, “too little” and “too polluted”). It summarises findings from analysis of investments needs and financing capacities, trends in development finance for water and explores how water risks generate financial impacts for corporates. The report highlights options to address the financing challenge by strengthening the enabling environment for investment, making the best use of existing sources of finance, strategic investment planning and mobilising additional finance via a range of financing approaches. Finally, the report sets out a vision for future OECD work on financing water and for the Roundtable on Financing Water.
Preface
The importance of water security to broader economic development and resilience is increasingly internationally recognised, as reflected by the annual G20 Dialogue on Water as well as the preparations for the 2023 UN Conference on Water; the first of its in kind in nearly 50 years. Investments that contribute to water security span a range of essential infrastructure systems to deliver clean drinking water, reliable sanitation and to manage water resources and water risks. They deliver substantial benefits across multiple policy agendas, notably food and energy security, urban development, public health and education. The COVID-19 pandemic has also starkly demonstrated the importance of ensuring access to safe water, sanitation and hygiene as a critical element of reducing the transmission of infectious diseases.
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