Water, so fundamental to life on earth, a source of prosperity but of conflict too, especially in parts of the world where climate change is affecting its distribution and populations are growing fast. As water scarcity intensifies and temperatures climb, using water as a driver of prosperity—and a tool for peace—will become only more important to global stability and sustainable development.
World Water Day 2024 is a chance to highlight the role of transboundary water cooperation in stability and development. Through various initiatives and projects, such as the Cooperation in International Waters in Africa (CIWA) program, the World Bank has supported the establishment of cooperative mechanisms between countries sharing water resources, thus reducing the potential for conflicts over water resources.
The World Bank is scaling up its support for transboundary water cooperation and has recently established the Global Facility for Transboundary Water Cooperation (GFTWC). By leveraging expertise, financial resources, and convening power, we will increase our work to facilitate dialogue, promote cooperation, and catalyze investments in shared water resources, ultimately contributing to lasting peace and development.
