1、How the World Bank Group Is Invigorating Water Finance for SDG 6Saroj Kumar JhaGlobal Director,Water Global PracticeWorld Bank GroupWorld Bank GroupWater Strategy 3The Water for People,Food,and Planet Challenge2.2 billion lack clean drinking water3.5 billion without safe sanitation400,000 children u
2、nder 5 die each year from unsafe water,sanitation,and hygieneUrban population facing water scarcity projected to double globally by 2050Planetary boundaries for green and blue water have been crossed,altering water cycle and health of planet4 billion people live in water-scarce areas,with billions v
3、ulnerable to floods and droughtsNatural water storage has declined by 27 trillion m3 over 50 yrs due to degradation.Safety of existing built storage needs to be managed2 million tons of waste are discharged into the worlds rivers,lakes,and aquifers every day83%decline in abundance of freshwater spec
4、ies since 1970Water for PeopleWater for FoodWater for Planet0.5 billion farmers(80%)are“smallholders”and vulnerable to erratic rains and low access to inputs(seeds,fertilizers etc.)Only 6%of farmland in Africa is irrigated the world needs to double irrigation to feed the world80%rainfed agriculture
5、produces 60%food-need climate smart agriculture practices to increase food production 10%of global anthropogenic methane emanates from rice cultivation4What is holding the sector back?Sector-Wide IssuesFragmentation of responsibilities across multiple agencies and weak policy,institutional,and regul
6、atory frameworksLimited management of resource,with worsening water quality and increasing conflict over availabilitySector financially unsustainable,with water underpriced and unable to cover costs or finance needed investmentsGap between current spending in water($0.164 trillion/year)and financing