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The water challenge: international trade to the rescue

The Water Challenge: International Trade to the Rescue
In many parts of the world, water availability is in decline and its quality is deteriorating. According to the World Bank, water scarcity, intensified by climate change, could come at a high price for some regions, costing as much as 6 percent of their gross domestic product. Tackling the water challenge is crucial to unlocking poverty eradication, prosperity, ecosystems preservation, and gender equality. As such, water security is a fundamental element of a sustainable development agenda. The United Nations Sustainable Development Goals recognized this by introducing a dedicated water goal (“SDG 6”) that seeks to “ensure availability and sustainable management of water and sanitation for all.” Read more.

Social Development and Poverty, Water

Extending the reach of flood insurance

Rice fields submerged by floods in Pakistan
Over the past few weeks, South Asian countries have been suffering torrential rains and devastating floods and landslides, exacerbated by Cyclone Komen, leaving over 100 dead and over a million displaced from Pakistan to Myanmar. The annual monsoon season in the region, normally a lifeline for farmers, this year resulted in floods that have caused severe damage to crops. Read more.