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A new report shows floods, droughts and a lack of investment in providing good quality, reliable water supplies is dragging down the global economy.

Water insecurity is a drag on the global economy

image courtesy of Asianet-Pakistan/Shutterstock

The report, published today and entitled ‘Securing Water, Sustaining Growth’, was written by an international Task Force chaired by Claudia Sadoff, Distinguished Visiting Scholar at the University of Oxford, and Professors Jim Hall and David Grey, also from Oxford. 

The Task Force was established by the Global Water Partnership (GWP) and the Organisation for Economic Co-operation and Development (OECD). The report and new scientific analysis examines not only water’s destructive force but also how it contributes to human health and prosperity. It was published today at the start of the Seventh World Water Forum in South Korea, the international summit at which the world’s water challenges are addressed.

Claudia Sadoff said: 'Both our empirical and theoretical analyses demonstrate the importance of investment in water security for development and the importance of development for  investment in water security.'

The report draws on research led by the University of Oxford and feeds into a policy statement released by GWP and OECD calling on governments to invest in strengthening the world’s institutional capacity to manage water security, with much improved information systems and  better water infrastructure. It urges that special attention be paid to social risks, with a focus on vulnerable segments of society.

Read more on the University website (opens new window)