Financing development in the water and sanitation sector to achieve the Millennium Development Goals (MDGs) was the focus of a one-day seminar during World Water Week.

The Finance for Water Solutions seminar, held in Stockholm on 25 August 2005, was organized by the United Nations Environment Programme Finance Initiative (UNEP FI), the Stockholm International Water Institute (SIWI) and other institutions. With its focus on innovative mechanisms to finance development, participants made a number of points, including that financing for water solutions requires an integrated effort among all stakeholders to achieve the water-related MDGs, and water strategies can only be implemented successfully if sustainable financial mechanisms exist and are created in accordance to regional needs. Participants also highlighted the potential role of official development assistance (ODA) to help scale up effective initiatives and stimulate innovative approaches that can deliver water sustainability. The role of the private sector and the expansion of public-private partnerships were also highlighted.
The seminar was part of the 15th Stockholm Water Symposium, held from 21-27 August
More information
Finance for Water Solutions: How Capital Markets, Banks, Insurers and Asset Managers Can Work for Water