“Four out of every ten people in the world do not have access to even a simple latrine; and nearly two in ten have no source of safe drinking water” (UN Millennium Project Task Force on Water and Sanitation, Final report, 2005).
Among other Millennium Development targets, target 10 is to cut by half, by 2015, the proportion of people without access to safe drinking water and basic sanitation.
Financing the achievement of this target requires an increase of all financial flows to the sector, and also better sector performance.
This website is a platform intended to provide information to any stakeholder about financing the water and sanitation sector.
At the Rio Conference in 1992 on Environment and Development, it was recognized that more financial resources would be needed for sustainable development and poverty reduction. Freshwater was identified as a major issue where considerable additional financial resources were needed.
At the 2nd World Water Forum in The Hague in March 2000, the World Water Commission reported to the Ministerial Conference that an estimated investment of US$100 billion a year is needed in the water sector, in addition to the current expenditure of US$80 billion, in order to meet the needs in water and sanitation infrastructure for the growing worldwide population over the next 25 years.
In response to these calls, the World Water Council, the 3rd World Water Forum and the Global Water Partnership came together to form a Panel to consider solutions to the future global financial needs of the water sector. The Panel, which was chaired by Mr. Michel Camdessus, former General Manager of the International Monetary Fund presented its report titled "Financing Water for All" at the 3rd World Water Forum in Kyoto in March 2003.
As a follow-up, the Task Force on Financing Water for All has been created in 2005, under the chairmanship of Angel Gurria, former Minister of Finance of Mexico and member of the Camdessus Panel. The objective of the Task Force is mainly to ensure that the financing issues related to water receive the continuous attention they deserve.