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Is the Glass Half Empty Or Half Full?: Issues in Managing Water Challenges and Policy Instruments

Author

Listed:
  • Ms. Kalpana Kochhar
  • Ms. Catherine A Pattillo
  • Ms. Yan M Sun
  • Mrs. Nujin Suphaphiphat
  • Mr. Andrew J Swiston
  • Mr. Robert Tchaidze
  • Mr. Benedict J. Clements
  • Ms. Stefania Fabrizio
  • Valentina Flamini
  • Ms. Laure Redifer
  • Mr. Harald Finger

Abstract

This paper examines water challenges, a growing global concern with adverse economic and social consequences, and discusses economic policy instruments. Water subsidies provided through public utilities are estimated at about $456 billion or 0.6 percent of global GDP in 2012. The paper suggests that getting economic incentives right, notably by reforming water pricing, can go a long way towards encouraging more efficient water use and supporting needed investment, while enabling policies that protect the poor. It also discusses pricing reform options and emphasizes an integrated and holistic approach to manage water, going beyond the water sector itself. The IMF can play a helpful role in ensuring that macroeconomic policies are conducive to sound water management.

Suggested Citation

  • Ms. Kalpana Kochhar & Ms. Catherine A Pattillo & Ms. Yan M Sun & Mrs. Nujin Suphaphiphat & Mr. Andrew J Swiston & Mr. Robert Tchaidze & Mr. Benedict J. Clements & Ms. Stefania Fabrizio & Valentina Fla, 2015. "Is the Glass Half Empty Or Half Full?: Issues in Managing Water Challenges and Policy Instruments," IMF Staff Discussion Notes 2015/011, International Monetary Fund.
    • Handle: RePEc:imf:imfsdn:2015/011
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    Citations

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    Cited by:

    1. Anwar Hussain & Khalil Ur Rahman & Muhammad Shahid & Sajjad Haider & Quoc Bao Pham & Nguyen Thi Thuy Linh & Saad Shauket Sammen, 2022. "Investigating feasible sites for multi-purpose small dams in Swat District of Khyber Pakhtunkhwa Province, Pakistan: socioeconomic and environmental considerations," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(9), pages 10852-10875, September.
    2. Sultan Ahmad Rizvi & Afeef Ahmad & Muhammad Latif & Abdul Sattar Shakir & Aftab Ahmad Khan & Waqas Naseem & Muhammad Riaz Gondal, 2021. "Implication of Remote Sensing Data under GIS Environment for Appraisal of Irrigation System Performance," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 35(14), pages 4909-4926, November.
    3. Hasan, Syed M. & Akram, Agha Ali & Jeuland, Marc, 2021. "Awareness of coping costs and willingness to pay for urban drinking water service: Evidence from Lahore, Pakistan," Utilities Policy, Elsevier, vol. 71(C).
    4. Horbulyk, Ted & Price, Joseph P. G., 2018. "Pricing reforms for sustainable water use and management in Vietnam," IWMI Working Papers H048608, International Water Management Institute.
    5. Lyazzat Nugumanova & Miriam Frey & Natalya Yemelina & Stanislav Yugay, 2017. "Environmental Problems and Policies in Kazakhstan: Air pollution, waste and water," Working Papers 366, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    6. Ankai Xu, 2018. "Trade in Virtual Water: Do Property Rights Matter?," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 32(8), pages 2585-2609, June.
    7. Barbier, Edward B., 2022. "The policy challenges of green rural transformation for Asia-Pacific emerging and developing economies in a post-COVID world," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 689-704.

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