The World Bank Water and its World Water Week highlighted the need for public-private collaboration to enhance water financing. Their key points:
➡️Govts & private sectors must jointly transform water sector
➡️Companies offer more than funds
➡️Diverse goals need varied financing tools
The reality is: Even the World Bank declares that “Nearly 91% of annual spending on water comes from the public sector, with less than 2% contributed by the private sector” (see their graphic here down)
We conclude: 91% of financing comes from tax payers, but probably about half of it goes to private companies and corporations, with a part of that ending up in private shareholder and CEO pockets.
Private sector is easy to grab money, and only invests when there is a return of invest, i.e when they can take a profit for shareholders out.
Water is a human right, not a commodity. Keep water and money public!
