Why finance water?
Climate change is water change.
The greatest risk of global warming relates to water and the pressure over quantity and quality of water resources is a threat to human lives and ecosystems. 2.1 billion people do not have access to safe water and 4.1 billion people are still deprived of safely managed sanitation.
This lack of service coverage and sustainable water resource management has dramatic consequences on health, gender equality, economy and environment. The COVID-19 pandemic is a brutal reminder of the need for such basic services.
The water and sanitation sector remains underfinanced, according to the World Bank, more than US$ 110 billion would be necessary every year to achieve the safe access to water and sanitation targets, but only one-third of the needs are actually covered.
How does it work?
The Water Finance Coalition is a global coalition of international and domestic public development banks that meets quarterly. Sharing the aim to improve the financing of water and sanitation in order to achieve Sustainable Development Goal 6, the Paris Agreement goals and to contribute to biodiversity protection.
Main objectives of the Water Finance Coalition
Create a network of public development banks to enhance mutual-awareness and partnerships
Investigate the current role played by national and local public development banks in the water and sanitation sector
Ensure sharing of case studies and success stories on the role of public development banks in financing water and sanitation
Water drives resilience in countries: Call to action for PDBs
AFD, CAF, EIB, WB
(Finance in Common Summit)
Water Finance Coalition creation led by AFD (chair) and BANOBRAS (co-chair)
Water Finance Coalition Joint Declaration
Nov 2020 - July 2021
Study: Role of national Public Development Banks in the Water Sector
Joint Study presentation to Public Development Banks
CAF (chair), AFD and BANOBRAS (co-chair)