What is the status of World water resources?

Only 3% of the world’s water is fresh water, and two-thirds of that is tucked away in frozen glaciers or otherwise unavailable for our use. As a result, some 1.1 billion people worldwide lack access to water, and a total of 2.7 billion find water scarce for at least one month of the year.

What role does the World Bank play in world water resources?

As the world’s largest multilateral source of financing for water in developing countries, the World Bank is working closely with partners to achieve “A Water-Secure World for All,” by sustaining water resources, delivering services and building resilience.

What is meant by water resources management?

Water Resources Management (WRM) is the process of planning, developing, and managing water resources, in terms of both water quantity and quality, across all water uses. It includes the institutions, infrastructure, incentives, and information systems that support and guide water management.

Is the World Bank part of the water GP family?

In 2018, the 2030 Water Resources Group (2030 WRG) — a public-private-civil society partnership — became part of the Water GP family. 2030 WRG supports government-accelerated reforms with the aim of ensuring sustainable water resources management for long-term development and economic growth.

Why is the World Bank 2030 Water Resources Group important?

The 2030 Water Resources Group is a unique public-private-civil society collaboration. We facilitate open, trust-based dialogue processes to drive action on water resources reform in water stressed countries in developing economies. The ultimate aim of such reforms and actions is to close the gap between water demand and supply by the year 2030.

Why was the World Bank Water Resources Forum important?

The Forum began to engage stakeholders across sectors and socialize a new way of thinking – firstly about water as a resource with enormous economic impact and value as well as a human right and environmental necessity, and secondly about the role of the private sector as part of the solution rather than just part of the problem.

What does the World Bank mean by valuing water?

Valuing Water means recognizing the values that societies accord to water and its uses, taking these into account in political and business decisions including decisions about appropriately pricing water and sanitation services.