Changes

Financial approaches

109 bytes removed, 00:33, 28 May 2016
Fighting Corruption
Although this is not a finance approach on its own, increased transparency can have a great impact in allowing more efficient use of more available funding.
Corruption is a widespread phenomenon and drains part of the funding that could be used for productive activities, better salaries, etc. Rising transparency requires better procedures and access to information [http://www.irc.nl/content/download/21439/253860/file/How%20to%20hold%20a%20meeting%20tool%20(Stockholm).pdf]. A study comparing productivity among 21 water utilities in Africa found that nearly two-thirds of their operating costs were due to corruption [http://www.wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/2002/10/25/000094946_02101104032679/Rendered/PDF/multi0page.pdf].
Fighting coruption corruption has high potential because the part of the sector's funds that are currently lost due to its presence can be used for service improvements or expansion of water and sanitation systems.
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