Development Financing for Tangible Results: A Paradigm Shift to Impact Investing and Outcome Models - The Case of Sanitation in Asia

Development Financing for Tangible Results: A Paradigm Shift to Impact Investing and Outcome Models - The Case of Sanitation in Asia

 
Date: 
Saturday, May 18, 2013
Type: 
Working paper series
Abstract

Household water security is a basic requirement of life. More than being simple basic needs, water and sanitation services are recognized as crucial elements that otherwise would put other development investments and public health at risk. Asia and the Pacific as a whole is an early achiever for halving the proportion of people without access to safe drinking water, but not however, sanitation. Most of the Asia-Pacific countries will not come close to achieve the MDG target on access to improved sanitation. This study on innovative sanitation financing recognizes the challenge facing the region, to halve the proportion of the population without access to sanitation by 2015. The study proposes a “paradigm shift” to outcome models, recognizing that sanitation not only remains a focus of international development targets but is also linked to many other development issues such as health, environment, education, gender, disability, tourism and economic growth. This study proposes the inclusion of the private sector in a value proposition, with everyone in society benefiting from improved sanitation, and generating the willingness to pay for these services. It is with great pleasure that ESCAP published this discussion paper, targeted for discussions at the Second Asia-Pacific Water Forum (2APWS), in Chiang Mai, May 2013, to provide background materials for the discussions at both the Technical workshops and the Focus Area Sessions.

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