Dutch infrastructure minister Melanie Schultz van Haegen invited global organizations to do more to boost private investment in water projects.
Speaking at the 7th World Water Forum, in South Korea, the minister said finance is “core” to remedy the world’s water problems and more needs to be done at an international level to develop projects that are attractive to investors.
“We must create the conditions to attract private finance for this market,” she said. “Thus we build a bridge between public and private money.”
She said her aim is to see the creation of “global public-private partnerships” involving the major multilaterals such as the International Finance Corporation, the Asian Infrastructure Investment Bank and the Asian Development Bank.
“Only through clever collaboration can we achieve great results,” she added.
During the event, the minister also signed an agreement with Korea to support water construction projects in a number of Asian countries, including Indonesia, Vietnam and Myanmar.