Title | Financing water for all : report of the World Panel on Financing Water Infrastructure |
Publication Type | Book |
Year of Publication | 2003 |
Authors | Winpenny, J |
Pagination | x, 54 p. : boxes, fig., panels, tab. |
Date Published | 2003-03-01 |
Publisher | World Water Council |
Place Published | Marseille, France |
ISSN Number | 9295017013 |
Keywords | cost recovery, developing countries, development aid, financing, funding agencies, government organizations, hydropower, international level, irrigation, policies, private sector, recommendations, safe water supply, sanitation, sdipol, water resources conservation, water supply |
Abstract |
Report by the world panel on financing globalwater infrastructure, chaired by M Michel Camdessus, and formed late in 2001. The subject matter of the panel is the financial needs of the water sector in its broadest sense, taking a 25-year perspective. The water sector's problems arise partly from weaknesses in governance and partly from risks specific to the sector. In the realm of governance, the main problems include: the apparent low priority given to water sector issues by central governments; an inadequate general legal framework; lack of transparency in award of contracts; non-existent, or weak and inexperienced regulators; and resistance to cost-recovering tariffs. The main sector-specific risks include: project profile: capital intensive with high initial investment and long payback period; low rate of return; foreign exchange risk: mismatch between revenues in local currency and finance in foreign currency; sub-sovereign risk: decentralised water agencies with service responsibility but lacking financial resources and credit standing; risk of political pressure on contracts and tariffs, with weak and inconsistent regulation; and contractual risk: projects of long duration entered into on the basis of poor initial information. |
Notes | Includes references |
Custom 1 | 202.8 |
Original Publication | Financing water for all : report of the World Panel on Financing Water Infrastructure : executive summary |