Austria Joins World Bank’s Water Partnership Program

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Austria Joins World Bank’s Water Partnership Program

The Government of Austria has become the fourth donor to the World Bank's Water Partnership Program (WPP), joining the United Kingdom, The Netherlands and Denmark. The new contribution will help increase the World Bank's efforts to help countries become more resilient to climate change and achieve their development goals through improved water management and services.

Water is fundamental for growth, poverty reduction and shared prosperity. Yet, growing populations and economies, as well as climate change have placed unprecedented pressures on water. Today 1 out of every 5 people live in countries with absolute water scarcity, making water security a challenge for many countries.

As a response to the challenge, the World Bank launched the WPP in 2009 to offer innovative solutions that work at the nexus of water with energy, food, the environment and human development.

"Countries will not be able to achieve their goals - human development, livable cities, and food and energy security - without improving the way they manage water and provide adequate water services to their people",saidHarald Waiglein,Director General at the Federal Ministry of Finance of Austria."We all have the responsibility to help countries protect their people and economies and channeling our support through the Water Partnership Program will allow us to do that",he said.

Through more than 200 activities, the WPP is supporting World Bank financed projects in 60 countries all over the world and it is undertaking global initiatives that work across sectors such as energy and agriculture to help countries plan investments better. WPP also has developed global programs and initiatives on climate change, earth observation through satellites, water-related disaster risk management, water utility reform, and integrated urban water management.

The US$5.4 million Austrian contribution will enable the WPP to further strengthen its support to World Bank water-related projects and help facilitate more cross-regional and cross sectoral learning.

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