Knowledge
See also: Knowledge Highlights from the Water Global Practice
Storing water is a critical part of water security, and the societal response to hydrological variability. Water storage increases the amount of water available for human, environmental, and economic use, reduces the impact of floods, and provides a variety of ancillary services such as hydropower and navigation by regulating water flows. Today, the societies, economies, and the environment depend on a web of natural and built water storage. However, as global demand for freshwater use increases and climate change is bringing profound changes to the water cycle, thus increasing our need for storage, the amount of net storage available is decreasing. This report unpacks the importance of storage, recent trends in the availability of storage, and sets forth a new integrated planning framework to guide water managers through a problem-driven and systems-oriented process to understand the options available to them to meet their water security goals and how the different forms of water storage can be part of the solution.
Water is a critical natural resource, a global public good, and an essential service. Water security is central for countries to achieve long-term development objectives in the current context of climate change, including protecting infrastructure assets, safeguarding agricultural production, producing sustainable energy, and protecting vulnerable populations. However, water resources are under severe stress and water services delivery is deficient due to underinvestment in the sector. The World Bank Group recognizes the water-climate-food-energy nexus and the importance of a water secure world for all. The World Bank Group’s scaling up finance for water strategic framework outlines actions and priorities for national governments, the World Bank Group, and other development partners to improve the planning and mobilization of funding and financing for water sector investments, and to promote efficiency in spending.
This report examines the link between water and migration, and the implications for economic development. The report is based on analysis of the largest data set on internal migration ever assembled, covering nearly half a billion people from 189 population censuses in 64 countries from 1960 to 2015. It assesses how rainfall shocks are related to migration relative to other key variables such as age, gender, education, and household size. The report is in two parts. Volume 1 covers water, migration, and development. Volume 2 focuses on water, forced displacement and conflict in the Middle East and North Africa.
In 2022, South Sudan was ranked as the world’s most vulnerable country to climate change and the one most lacking in coping capacity. South Sudan is also one of the world’s most politically fragile countries. Rising from the Depths explores opportunities and trade-offs for aligning South Sudan’s water-related investments and policies with its commitment to peace and its climate change adaptation needs. This report elevates water security as an issue critical for national development and stability—not just as a humanitarian need. With a focus on water security for people, production, and protection, the report shows that water insecurity is an existential threat to South Sudan.
This study is a first-ever attempt to gain a 360° panoramic view of spending in the entire global water sector to better understand the financing and funding gaps in relation to sector goals, and consequently guide thinking on alternative ways to close them. It estimates total water expenditure at various levels of disaggregation, and at the global and regional scales, using several data sources, including budget data and national accounts data, and the updated versions of all available databases on infrastructure spending from various sources, including private and foreign funding. The study thereby presents an integrated assessment of global and regional public spending in the water sector and its main subsectors. It presents findings that seek to answer questions about how public funds are spent in the sector, how well they are spent, and the financing and funding gaps in the sector to help the government meet sector goals. The study is intended as a guide that governments and a range of other stakeholders can use to improve decision-making and thereby facilitate reforms to increase financing and funding in the water sector, enhance the utilization of already allocated funds, and raise the efficiency with which existing resources are employed to maximize development impact.
The World Bank and the Indonesian government launched a flagship publication Water for Shared Prosperity at the 10th World Water Forum in Indonesia. The report explores the connection between water and inclusive growth, providing insights that can inform practical solutions to the water crisis and better ways of managing water resources. It also presents new empirical evidence on the extent and costs of disparities in water access and the impacts of climate-related water shocks.
A new report, Droughts and Deficits: Summary Evidence of the Global Impact on Economic Growth, uses state-of the art empirical research to present new estimates of the effects of rainfall shocks and droughts on gross domestic product (GDP) growth.