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Mobilizing Private Finance for Urban Water Projects Globally
October 1, 2020 @ 9:00 am - 11:00 pm
Register for the event here.
Urban water improvement projects are typically funded through a combination of revenue from domestic public funds (water tariffs and government budgets), international public funds (grants or concessional finance), domestic private funds (private companies), or international private funds (private philanthropy, traditional bonds/loans, equity flows, etc.). However, these funding sources have proved insufficient to meet the funding gap of $1.7 trillion USD to achieve SDG 6.
Historically, the majority of large scale official development assistance (ODA) was available only to national governments (not cities) or was not appropriately structured for cities as borrowers. Increasingly, cities are the governing body not only faced with increasing water-related challenges but the costs associated with aging infrastructure, the challenges of extreme weather events or climate change, and the pressure from rapid urbanization.
Cities, financers, water service providers, and development experts need to find creative solutions to unlock capital market funding for urban water projects at the city level.
This online event will set the scene for follow-up conversations at our next event, the W12+ Drive-In, and will aim to identify several examples of relevant funding solutions for cities. These solutions may include debt conversion options, water funds, and other innovative finance facilities. The event may also discuss the different roles and responsibilities of entities involved in water security including multilateral development banks, city and national governments, water companies, water utilities or service providers, and civil society organizations.
Join us for an engaging dialogue on the future of catalytic financing for sustainable and equitable water security.