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Multi-stakeholder consultations on "Financing basic utilities for all"

Organized by the Friedrich Ebert Foundation in cooperation with the Financing for Development Office

Financing Basic Utilities for All

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Background Information

In its resolution 60/188 of 22 December 2005, the General Assembly requested the Financing for Development Office to continue the organization of workshops and multi-stakeholder consultations to examine issues related to the mobilization of resources for financing development and poverty eradication. In response to this mandate, the Friedrich Ebert Foundation in cooperation with the Financing for Development Office will organize a series of multi stakeholder consultations on "Financing access to basic utilities for all."

More than one billion people in the world today live without access to clean drinking water, about two and a half billion do not have access to basic sanitation and nearly two billion lack access to electricity. It is estimated that the achievement of the Millennium Development Goals (MDGs) in water and sanitation will require considerable resources to fill a funding gap of about US $10 to 25 billion per annum. Likewise, almost US $700 billion of investment will be required to bring electricity to an additional 1.4 billion people.

If the MDGs are to be reached, increased focus should be put on determining effective financing mechanisms for all levels of utility service provision. In particular, the financing of water, sanitation and electricity require special attention as these utilities are the most relevant to poor households.The first ad-hoc expert group meeting on "Financing access to basic utilities for all" was an agenda setting meeting for a series of regional multi-stakeholder consultations to be organized by the Friedrich Ebert Foundation in cooperation with the Financing for Development Office. The first of these consultations is envisioned to take place in Latin America in November 2006.

 
 
 

Financing for Development Office, 2 U.N. Plaza (DC2-2170), New York, N.Y. 10017
Email: ffdoffice@un.org, Fax: 212-963-0443, Website: www.un.org/esa/ffd