Jakarta (ANTARA) – The Global Water Fund (GWF) is designed to serve as an integrated financing platform for water resources management, according to an Indonesian official.
The Director General of Infrastructure Financing at the Ministry of Public Works and Housing (PUPR), Triono Junoasmono, made this statement on Wednesday.
“This fund will mobilize financial resources from various sectors,” he noted, adding that these will include development financial institutions, the private sector, international organizations and philanthropy.
The main objective of the GWF is to provide financing for initial investments, rehabilitation and reconstruction of water resources infrastructure affected by disasters.
The PUPR Ministry is currently evaluating the initial structure of the GWF and its development plan, with the aim of declaring it at the 11th World Water Forum in Saudi Arabia in 2027.
To ensure effective governance, the GWF will operate through an organizational structure comprising a Board of Directors, a Secretariat, a Technical Advisory Group and a Trustee.
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The government also encourages private sector participation and strategic measures to ensure the success of this financing initiative.
The GWF is expected to contribute to better water resources management, sustainable financing, global collaboration and adaptation to climate change.
As a pioneer of the GWF, Indonesia aims to gain international support through political processes, Junoasmono said.
The PUPR Ministry proposed the establishment of the GWF at the 10th World Water Forum in Bali in May.
Several countries participating in the forum expressed interest in implementing this initiative which aligns with Indonesia’s commitment to the Sustainable Development Goals (SDGs).
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