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Water, which might appear as a gift from nature, actually needs huge human investment in order to serve the varied and growing global demand on this resource. Creating the investment structures and securing the funding to meet water needs is a key enabling factor to achieving good water governance.

Legal frameworks play an important role in the management of water resources at a range of scales – from local and national legislation covering domestic use, to international treaties that govern waters shared by sovereign nations.

It is often said that the current water crisis is mainly a crisis of governance, much more than a crisis of water shortage or water pollution per se. In the context of IWRM, governance is defined as the range of political, social, economic and administrative institutions that are in place (or need to be in place) to develop and manage water resources in sustainable manners. This section identifies four institutional roles that must be fulfilled for water governance systems to achieve sound IWRM practices: B1 – Regulation and Enforcement; B2 – Water Supply and Sanitation Services; B3 – Coordination and Facilitation; and B4 – Capacity Building.

A proper enabling environment establishes the rights and assets of all stakeholders (individuals as well as public and private sector organizations and companies, women as well as men, the poor as well as the better off), while ensuring for environmental quality. The enabling environment essentially consists of “rules of the game” that are laid out as to achieve a sustainable balance between the social, economic and environmental needs for water. These rules can be defined by the use of: (1) Policies; (2) Legislative Frameworks; and (3) Financing and Investment Structures.

The theme for the International Day for Biological Diversity in 2013 chosen by the Convention for Biological Diversity (CBD) is “Water and Biodiversity”. This theme was chosen to coincide with the United Nations designation of 2013 as the International Year of Water Cooperation. The International day for Biological Diversity is celebrated annually on the 22nd of May.

Over 100 participants from 22 countries across the Mediterranean attended the recent launch of a joint GWP/OECD project on water governance and financing in the Mediterranean.

The Goascoran River basin is shared by Honduras and El Salvador and is of great environmental, economical and geopolitical importance. In 2006, action was taken to create a multi-sector instance to integrate, influence and coordinate sustainable management of the shared basin. This experience is of great value for IWRM, as the management group establishes a model of work for transboundary management.

Wathersheds of Tacana originate on the volcano, with both shared by Guatemala and Mexico. This region is of great strategic importance for both countries since they supply water to a large number of residents in the cities located downstream and are the main source of irrigation water for agriculture. In the lower reaches, fishing is an important source of income.