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29
3.
appeal to the bottom line.
every 20 seconds, a child dies
of causes related to poor
sanitation. While this statistic may make
the moral argument for investing in water
and sanitation, the economic argument
is equally compelling: For every Us$1
allocated to sanitation, as much as $9
is returned in increased economic
development. Meeting the water and
sanitation targets under the Un
Millennium development goals would
lead to economic benefi ts worth $38
billion annually for developing countries,
through increased workforce productivity,
decreased health care costs, and
greater tourism. "When you talk to the
government of Cambodia and say that
poor sanitation is causing diarrhea,
that's a problem for the minister of
health. When you say the country is
losing 7 percent of its gdp [gross
domestic product] to poor sanitation,
that's a conversation for the minister
of fi nance, and all of a sudden the whole
discourse changes," says jae so,
manager of the Water and sanitation
program at the World bank.
Water is equally important to the
private sector. industry alone accounts
for about 20 percent of the fresh water
used globally. "Many companies are
realizing that water is a material issue to
their business and are taking steps
to protect the resource, both for their
own operations and for the communities
in which they work," says Monica ellis,
chief executive of the global Water
rotary's areas of focus
estimated
annual cost and
benefit
of improving access to
water and sanitation
worldwide, in us$ billion
cost
benefit
$11.3
$84.4
disease
prevention
and treatment
peace and
conflict
prevention /
resolution
basic education
and literacy
water
and
sanitation
economic
and community
development
maternal
and child
health
may12-59-66-Global Outlook Water-v8.indd 61
3/9/12 11:10 AM