Transboundary water cooperation and basin development faces tremendous financial needs worldwide. Transboundary watercourses — rivers, lakes and aquifers — are of crucial importance for riparian communities, municipalities/local governments, countries and their entire basins, including for their environmental health, socioeconomic development and political stability. However, the level of financing required for their management, development and protection remain insufficient in most parts of the world. This situation affects more than 40 per cent of the world’s population who live near or are impacted by the more than 300 transboundary river and lake basins (and many more aquifers) on the planet.

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