Water Funds: A Sustainable Climate Adaptation and Resilient Model for Stressed Urban Watersheds in Latin America and the Caribbean (LAC)
As of: July 2019
Objective and activities
The project aims to advance NDC adaptation goals in six LAC countries by adopting long-term mechanisms that mobilize and leverage public and private funding for EbA strategies for climate-resilient water provisioning from ecosystem services in source watersheds of 20 vulnerable cities. Water funds are established or strengthened to improve water security and ecosystem functions. Measures include support for watershed management concepts through tariff-based finance strategies, analysis of regulations, support for multilateral loans and (sub-)national policies as well as cooperation with private companies for entrepreneurial sustainability.
State of implementation/results
The project supports the implementation of the NDC adaptation goals of the countries.
- As part of establishing of the water funds network, a first meeting of Water Funds in Ecuador was held October 3rd.
- The 4th Water Funds Biennial event will take place in Mexico City, Mexico, on July 18th-19th 2019. The event will be hosted by the Latin American Water Funds Partnership (FEMSA Foundation, Global Environment Facility, Inter-American Development Bank and The Nature Conservancy), to share experiences, disseminate knowledge and strengthen the Water Funds Network. The event will be hosted within the IKI’s project, as the Latin America Water Funds Network will be launch at the event.