Chapter 1 _part_3__e&f_instruments

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Global Water Partnership-Caribbean (GWP-C)

This document introduces economic and financial instruments for integrated water resources management (IWRM). It defines economics as allocating scarce resources, and finance as maximizing returns on assets/investments. Economic instruments for IWRM include water tariffs, abstraction charges, subsidies, and taxes. Financial instruments include water tariffs, government grants/loans, external grants/loans, and commercial loans. Implementing IWRM faces roadblocks like sectoral interests and socio-cultural myths. An incremental approach is needed to negotiate differences, integrate sectors, and reform institutions and laws to sustainably finance IWRM plans.

Technology Economy & Finance

Economic and Financial Instruments for IWRM Introduction to IWRM Part 3: Introducing Economic and Finance Instruments

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