Water is vital for maintaining health, growing food, generating energy, managing the environment, and creating jobs. However, 4.5 billion people across the world lack safely-managed sanitation services, and 2.1 billion lack access to safely-managed drinking water services. Some 3 in 10 people worldwide lack access to safe, readily available water at home, and 6 in 10 lack safely managed sanitation. Climate change is expected to increase this risk, in addition to placing greater stress on water supplies.
The Sustainable Development Goals (SDGs) challenge private investors and lenders to help address issues of water quality and scarcity, and balance the needs of households, agriculture, industry, energy, and the environment over the next 15 years.
According to McKinsey & Co, an estimated $9.1 trillion will be needed between 2017-35 in order to meet needs across the world.
In recent years, MIGA has supported projects globally to help improve access to water, including in China, Ghana, Rwanda, and Jordan.