Innovative Financial Advisors Pvt. Ltd. believes there should be a renewed focus on health and hygiene facilities and expansion of efforts in neglected rural areas where the need is greatest.

Innovative Financial Advisors Pvt. Ltd. - Ensuring Environmental Sustainability is the 7th goal documented in the Millennium Declaration, access to safe drinking water and improved sanitation facilities are the two major targets of this goal. Safe drinking water and basic sanitation are essential elements for human health and survival. However, millions of people are living in conditions where these basic amenities remain out of their reach. Today, world stares at some stark realities that billions face such as lack of access to safe drinking water that is available from a reliable and sustainable source. Approximately 2.5 billion people in the world are surviving with basic sanitation facilities. As the world enters the post-2015 development era, much needs to be done to effectively implement and monitor initiatives concerning Water and Sanitation.

It’s not that the Millennium Development Goals have not been a successful way to approach overall growth and development of the world. About 2.3 billion people around the world have gained access to an improved drinking-water source between 1990 and 2012. In that same time frame, the number of children who died from diarrhoeal diseases—strongly associated with poor water, sanitation and hygiene—fell from approximately 1.5 million to just over 600,000. The governments of UN member states have strongly supported the global aspirations towards universal access to safe and affordable water and sanitation. Yet, a lot needs to be done in the least developed and developing countries.

Innovative Financial Advisors Pvt. Ltd. believes there should be a renewed focus on health and hygiene facilities and expansion of efforts in neglected rural areas where the need is greatest. In order to address these issues, there needs to be collective efforts by governments, local communities and civil society organizations. Many countries, due to lack of resources and capacity, are unable to set targets, formulate plans, undertake implementation of initiatives and conduct proper evaluation. There are critical gaps when it comes to implementation, monitoring and evaluation and investments. These gaps are making progress in the poorest region of the world difficult.

Innovative Financial Advisors Pvt. Ltd. urges governments and corporations to increase their investments for providing safe drinking water and basic sanitation in marginalized sections of the society. Corporations through their CSR policy and CSR programmes are set to help improve water and sanitation facilities in schools in the rural areas. The Indian Prime Minister Narendra Modi has already urged the corporate sector under the new CSR law to facilitate CSR grant towards building of toilets and make India Open Defecation Free. Cairn India’s initiative of Water ATMs along with Rajasthan Government (India) is a good example of a PPP model for social development. There is insufficiency of funds that is increasing the huge financial gap between budget and implementation plans. Therefore, the need of the hour is to increase the funds flow towards healthcare facilities, improving basic sanitation facilities and enhancing accessibility of safe drinking water. This will also decrease the healthcare expenditure and save millions of lives in the years to come. Together, we can bring about a change. Let us all encourage investment in Water and Sanitation.

By Rahul Choudhury

Media Team – Innovative Financial Advisors Pvt. Ltd.

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by Rahul Choudhury (few years ago!)