WASHINGTON, D.C. — The World Bank Group has launched a major initiative aimed at improving water security for one billion people by 2030.
The programme, known as “Water Forward,” brings together multilateral development banks and partners to expand access to safe and reliable water services globally.
Speaking at the launch on Wednesday, World Bank President Ajay Banga said water is fundamental to economic growth and development.
“When water systems work, economies thrive,” he said, stressing the need to align reforms, financing and partnerships.
The initiative will support country-led reforms through water compacts designed to strengthen institutions, improve regulation and attract investment.
Fourteen countries have already joined the programme, with more expected to participate.
Partners include the African Development Bank, European Investment Bank and Islamic Development Bank.
Experts say the initiative addresses long-standing challenges such as weak policies, underfunded utilities and climate-related risks.
With over 1.2 billion young people expected to enter the workforce in developing countries, stakeholders stress that reliable water systems will be critical to job creation and sustainable development.
The World Bank said the programme marks a coordinated global effort to tackle water scarcity and strengthen resilience against droughts and floods.
