Experts look at Revolving Funds as Sustainable Financing Mechanisms for Wastewater Management in the Region
11 Sep 2012 | by gefcrew.org
Revolving funds are among the more flexible, innovative and effective financial management mechanisms which can provide sustainable financing for the development of much needed wastewater treatment facilities, costly propositions for regional governments struggling to maintain those that already exist.
A 2009 UNEP report entitled “Assessment of Wastewater Management in the Caribbean” found untreated domestic wastewater had severe consequences for coastal ecosystems in the Wider Caribbean region. This has resulted in: increased fish mortality and negative effects on commercial fisheries; declines in coral reefs estimated to cost the region up to US$ 870 million by 2050; threats to human health, and; threats to the tourism sector.
