Snapshot from Stockholm World Water Week: Tapping Capital Markets to Fund WASH Services
Stephen Sena, knowledge management and economic growth specialist for Tetra Tech’s International Development Group, provides a recap of the Stockholm World Water Week event and Tetra Tech’s presence on the GlobalWaters website, a knowledge resource hub for the U.S. Agency for International Development (USAID).
This article was originally published on GlobalWaters.
Stephen gives an overview of the session “Tapping Capital Markets to Finance WASH Investments”, hosted by the USAID Water, Sanitation, and Hygiene Finance (WASH-FIN) project. Mr. Sena, who serves as deputy chief of party for WASH-FIN, discusses the project’s role in identifying ways to invest in and fund safe water and sanitation in developing countries around the world. All opinions expressed in this post are the author’s own.
At Stockholm, USAID’s Water, Sanitation and Hygiene Finance (WASH-FIN) activity convened a session entitled: “Tapping Capital Markets to Finance WASH Investments.” A 2016 World Bank analysis estimated that $114 billion per year of investments will be required to meet universal access to safely manage water and sanitation services by 2030, or about three times current levels. Commercial finance can play a critical role in filling this enormous gap through investments in creditworthy water and sanitation providers to improve, maintain, or expand their services to reach more communities. As commercial finance increases, scarce public resources can be leveraged and targeted to communities with the most challenging barriers to improved service delivery.