DHAKA, April 15, 2026 (BSS) -The World Bank (WB) Group, in partnership with
multilateral development banks, development finance institutions and key
partners, today launched Water Forward, a global platform to help improve
water security for 1 billion people by 2030.

The platform will align policy reforms, financing, and partnerships to expand
reliable water services and strengthen systems against droughts and floods-
essential conditions for job creation, said a press release here.

Water underpins health, food systems, energy, and an estimated 1.7 billion
jobs worldwide; yet 4 billion people experience water scarcity. In many
countries, unclear policies, weak regulations, and financially unsustainable
utilities have slowed progress and deterred investment in the sector.

Water Forward aims to address these challenges by helping developing
countries build stronger, more reliable water systems that can unlock
productivity, support livelihoods, and enable private investment.

The initiative will support reforms to strengthen institutions, improve
financial performance, and develop investment-ready projects.

"Water is foundational to how economies function. When water systems work,
farmers produce, businesses operate, and cities attract investment. Our task
now is to align reform, financing, and partnerships to deliver reliable water
services at scale," said Ajay Banga, President of the World Bank Group.  

At the core of the initiative are country-led water compacts, through which
governments define reform priorities, commit to strengthening institutions,
and establish investment pathways for their water sectors.

Today, 14 countries announced their national water compact under the Water
Forward initiative, and many more are underway.

Multilateral development banks, governments, philanthropies, and private
sector actors are aligning financing and expertise to speed investment and
implementation of projects that will boost reliable access to water.

The World Bank Group is committed to delivering water security to 400 million
by 2030. With its additional partner commitments, Water Forward expects to
reach more than 1 billion people.

With more than 1.2 billion young people entering the workforce in developing
countries over the next 10 to 15 years, reliable water will be critical.
Strong water systems are foundational to healthy economies that can attract
private investment and create jobs.