Achieving water security for all requires coordinated action and a substantial increase in investment across the water sector. How can we #ScaleUpFinance4Water?
Over the next decade, the top global risks 📈 are directly linked to water💦: failure to mitigate climate change, failure to adapt to climate change, natural disasters and extreme weather events, biodiversity loss, and ecosystem collapse.
Addressing a challenge of this scale requires an unprecedented response. We need global action, innovation, and investment. In a new blog, The World Bank Vice President for Sustainable Development Juergen Voegele, IFC - International Finance Corporation Vice President of Industries Mohamed Gouled, and MIGA Vice President Chief Risk, Legal & Sustainability Officer Ethiopis Tafara reflect on the importance of this:
👉 https://lnkd.in/d2-zUCee
The World Bank Group and partners—including IFC, MIGA, and the 2030 WRG— have developed the Strategic Framework: Scaling Up Finance for Water.
This framework focuses on four key areas to catalyze financing and innovation for the water sector:
✅establishing enabling conditions for investment;
✅bringing in private sector expertise;
✅diversifying financing solutions; and
✅ advancing climate outcomes.
The framework outlines a 🔟-step roadmap 🗺️ for catalyzing financing and innovation in water.
Collaboration between public and private sectors is critical. The private sector has a key role to play in bridging the financing gap and helping to achieve the water-related Sustainable Development Goals and to address climate impacts.
#WorldWaterDay #WorldBankWater
Saroj Kumar Jha, Michael John Webster, Sarah Farhat, Alida Pham, IFC Infrastructure
CGO Valuations & Capital Markets @akinABRAHAM & ASSOCIATES LTD | Valuations | Investment & Development | CRE | Property + FM | valued over 2million GFAs of CRE & 100k+ housing units in more than $2bn assets value.
2moApt!