Sustainable Water Resources for Inclusive Development

Centre for Policy Dialogue (CPD)

Giving Voice, Promoting Inclusive Policy

Published Oct 14, 2024

Dialogues and Events

Sustainable water management is essential for the preservation of water resources, upon which much of the country’s economic structure depends. The scope of water is vast, considering economic, social, and environmental contexts. However, unplanned management of this sector is causing suffering across all segments of society, while encroachment and pollution are destroying most rivers. To protect water resources, we must develop sustainable and updated water management strategies. Instead of focusing on project-based initiatives, attention must be given to finding more effective and impactful solutions.

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The Multilateral Development System is undergoing a significant number of challenges due to polycrisis, geopolitical shifts, and ongoing global financial architecture reforms. The multilateral system now channels a growing share of development aid, with Development Assistance Committee (DAC) member contributions to multilateral organisations increasing for the seventh consecutive year in 2022. Multilateral outflows rose by 12 per cent, and 61 per cent of official development assistance (ODA) now flows through multilateral channels, up from 45 per cent in 2012. However, while addressing crises, it is crucial to maintain core funding for long-term goals. Core contributions have declined from 69 per cent in 2010-2012 to 58 per cent in 2020-2022, with a shift toward earmarked funding.