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The cost of clean water: $150 billion a year, says World Bank | news.trust.org

By Sophie Hares

TEPIC, Mexico, Aug 28 (Thomson Reuters Foundation) – Countries need to quadruple spending to $150 billion a year to deliver universal safe water and sanitation, helping to reduce childhood disease and deaths while boosting economic growth, said the World Bank.

Investments should be better coordinated and targeted to ensure services reach the most vulnerable, and governments need to engage the private sector more closely to meet the high costs, said the World Bank in a report released on Monday.

“Millions are currently trapped in poverty by poor water supply and sanitation,” Guangzhe Chen, senior director of the World Bank’s global water practice, said in a statement.

“More resources, targeted to areas of high vulnerability and low access, are needed to close the gaps and improve poor water and sanitation services.”

Source: The cost of clean water: $150 billion a year, says World …

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