The UfM Financial Strategy for Water provides both a stocktaking and future outlook on water financing in the Mediterranean. Its aim is to promote increased financing of investments that contribute to a number of water-related goals such as access to water, protection against the risk of droughts, floods or polluted water, and sustainable growth in the Mediterranean region, while at he same time enhancing the financial sustainability of the water sector.
It does so by raising the profile of the issue on the international political agenda and within the finance community, improving the evidence-base on how to overcome barriers to investment, pushing the boundaries of traditional thinking about financing water-related investments, and promoting impactful ways of financing water-related investments.
In order to secure the social, economic and environmental benefits to be gained, the Strategy sets ten common strategic objectives and a menu of actions that the individual UfM member states are expected to prioritize and implement according to their individual circumstances, priorities, and capacities. Broadly, these goals are related to approaching water financing in a strategic way, making the best use of existing financial resources, as well as mobilizing additional domestic and international financial resources. The UfM is committed to supporting its member states to achieve these objectives, as a contribution to achieving the sustainable development goals (SDGs), and in particular Goal 6 (Ensure Water and Sanitation for All). Running in parallel with the UfM Water Agenda, the UfM Financial Strategy for Water spans from 2019 to 2030.