Globally, 663 million people do not have access to safe drinking water and 2.4 billion people lack access to improved sanitation. Governments have set ambitious targets for universal access to water and sanitation by the year 2030, but an unprecedented mobilization of funding will be required to meet this goal. A 2016 analysis by the World Bank estimates that $114 billion per year of capital investment will be required to meet universal access to safely managed water and sanitation services by 2030, or about three times the current investment levels. USAID’s WASH-FIN project will work in collaboration with national governments, development partners, private capital market institutions and local stakeholders in at least eight countries to close financing gaps and improve governance structures that enable targeted countries to access reliable sources of capital for sustainable, climate resilient water and sanitation infrastructure.
USAID'S WASH-FIN APPROACH TO CLOSING FINANCING GAPS
USAID's WASH-FIN approach to closing financing gaps is based on the premise that citizens should be treated as valued customers and adequately served by water, sanitation and hygiene (WASH) service providers operating on sustainable business models that strengthen creditworthiness, within clear regulatory and governance structures. Only then can increased public investment and market finance be effectively leveraged to expand or improve service delivery. To move the sector toward this end, USAID's WASH-FIN activities will focus on the following strategic lines of action: