11883 Sustainable Financing for Transboundary Water Cooperation (in English)

This session will dive into the crucial role of innovative funding and financing mechanisms for sustainable management of transboundary resources. Over two-thirds of Latin America and the Caribbean is covered by shared water sources, vital for nearly half the region's population. Managing and developing these transboundary resources requires significant funding. However, current financial constraints on cooperation and management threaten the sustainable use of these water bodies, potentially jeopardizing regional stability and peace. In this context, this session will i) provide a space for discussion about the financial needs for transboundary water management and basin development and the role of transboundary cooperation as enabler of transboundary investments and access to finance; ii) highlight the importance of developing innovative financing mechanisms and instruments that enhance the value of public sector spending by involving the private sector; and iii) build on ecosystem services through exploring novel approaches such as green infrastructure and the mainstreaming of nature-based solutions and ecosystem services to allow the application of different methods for optimization of water use in basins.