The Road to the SDGs

‘resilient and sustainable water and sanitation systems for all’. X It is governed by two high-level objectives: – Sustainability of water as a resource and of the related infrastructure to achieve lasting results – Resilience of systems and their ability to recover from shocks (whether induced naturally as a result of climate change effects or disasters, or man-made in the context of fragility and conflicts). X In order to formulate the specific programmes and operations in the water sector, four guiding principles will be used in close cooperation with MCs to help achieve the overarching objectives of the WSP: – Finance/Strategic blending of finance – Synergy – Selectivity – Science, technology and innovation. X The expected impacts of the policy for MCs include: – Increased water security – Enhanced human capital to manage the water sector – Greater sustainability of the water and sanitation projects and programmes. POTENTIAL IMPACTS X The policy aims to achieve the following results: – Universal and affordable access to water and sanitation — With emphasis on quantity, quality and affordability, and giving due consideration to gender dimensions and to vulnerable populations in fragile and conflict- stricken regions – Water use efficiency — Addressing agricultural water withdrawals in MCs (which exceed the world average) as well as technical and non-technical losses – Capacity development and solutions transfer — Empowering stakeholders in order to close capacity gaps – Effective water resources management — Enhancing water resources by making effective use of all various resources, including landscape restoration, nature-based solutions or flood waters – Resilient water systems — Tackling climate change impacts, addressing flood risks and helping build the capacity of water systems to withstand, adapt to, and recover from extreme events. INVESTMENT X By leveraging additional financial resources from other partners, including the private sector, IsDB would strive to meet the tremendous needs of its MCs in the water sector, especially as the majority of MCs require subsidised, if not grant, funding. X Hence, the main objectives of the policy are to provide a conceptual framework for IsDB operations in the water and sanitation sector, while establishing the basis for policy engagement and co-development of projects and programmes with MCs. X A McKinsey Global Institute report estimated in 2017 that an annual investment of US$ 500 billion in water infrastructure is required from 2017 through to 2035, representing an aggregate spending of US$ 9.1 trillion. 1 X In order to cover part of these financial needs, IsDB will need to mobilise additional resources, through partnerships with other donors, and also tap non-traditional funding sources, such as institutional investors, corporations and philanthropies, to back investment projects. Blended finance will play an important role in mobilising additional finance. 1. Bridging Infrastructure Gaps: has the world made progress? MGI (2017). https://goo.gl/Ly9oo8 ], based on a ‘business as usual’ scenario H U M A N R I G H T T O W A T E R A N D S A N I T A T I O N Almost one-third of the world's population lacks access to safely managed drinking water services, and 4.5 billion people lack access to safely managed sanitation services [ 33 ] T H E R O A D T O T H E S D G s | P R O G R E S S A N D A C H I E V E M E N T S