Countries need to speed up investments for Sustainable Development Goals (SDG) with the objective to attain water and sanitation targets, according to a new report by World Health Organization (WHO). The report is published on behalf of United Nations Water to address the concern of at least two billion people worldwide that do not have access to safe drinking water. The water that this population is consuming is contaminated with feces causing almost 500,000 deaths a year and is a major factor for several tropical diseases such as cholera, intestinal worms, dysentery, typhoid and polio, and schistosomiasis and trachoma.
The report emphasizes that nations will not be able to contribute to attain global targets of providing safe drinking water and sanitation unless efforts are made to use financial resources more efficiently and efforts are made to identify alternate sources of funding.
Investment Planning in Developing Countries Deficient to attain SDG
As per the 2017 Global Analysis and Assessment of Sanitation and Drinking Water report of UN-Water, nations have spurred up budgets by as much as 4.9% each year for the last three years for water, sanitation, and hygiene (WASH). Despite this, 80% of countries report that finances allocated for WASH are insufficient to achieve national targets for WASH services.
At present, in several developing countries, national targets are related to providing basic infrastructure, which may not necessarily include uninterrupted safe and reliable services. This is because planned investments are not completely aimed at achieving SDG targets for universal access to safe drinking water and sanitation by 2030.
As per estimates of the World Bank, investments in infrastructure need to be raised to US$ 114 billion each year in order to achieve SDG global targets.