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Azerbaijan invests 10% of GDP in water and sanitation

Business Materials 15 March 2017 13:21 (UTC +04:00)
President of the World Water Council Benedito Braga has appreciated Azerbaijan’s contribution to ensuring the global water security.
Azerbaijan invests 10% of GDP in water and sanitation

Baku, Azerbaijan, March 15

By Leman Zeynalova – Trend:

President of the World Water Council Benedito Braga has appreciated Azerbaijan’s contribution to ensuring the global water security.

Speaking at the First Baku International Water Week, Braga noted that unfortunately, many countries spend only 3-4 percent of their GDP on water security, instead of the needed 6-7 percent.

Braga further said that water security requires more financing and more efforts.

He highlighted Azerbaijan is an exception, as the country invested some 10 percent of its GDP in water and sanitation in 2014.

The First Baku International Water Week, organized by the government of Azerbaijan, Azersu OJSC, with the participation of the World Water Council, kicked off March 14 and will continue till March 17.

Organized under the slogan “Water is not only the source of life but life itself”, the event will address major issues such as clean and sustainable water resources, access to sanitation services, environmental and ecological conditions, as well as climate change and drought.

The event is being attended by specialists from over 40 countries and from 4 continents, including international and state bodies, non-governmental organizations, universities and scientific centers, distinguished scientists and professionals to explore practical solutions to various global water issues.

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