OECD Supporting Azerbaijan With Economic Dimensions Of Water Management
Date
12/7/2023 2:14:42 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 7. The Organization
for Economic Co-operation and Development (OECD) is supporting
Azerbaijan with the economic and financial dimensions of water
management, OECD told Trend .
A source at the OECD said that the following key outcomes were
discussed at the latest meeting towards water's role as an
instrument of green growth:
- The Ministry of Ecology and Natural Resources committed to
revise and finalize the country's water strategy, promoting
alignment with the EU
- Water Framework Directive and the guiding principles of
Integrated Water Resources Management.
- To finalise the delineation of basin districts and create an
enabling environment for the enhanced application of the basin
management approach through River Basin Management Plans.
- The need for the application of prioritized and equitable
water allocation with due attention to ecosystem flow needs and
environmental flows and supported by flexible economic
instruments.
- Agreement for water users to consider the economic dimensions
of water to ensure the benefits and costs of water management are
properly evaluated.
- Support for furthering transboundary cooperation through, for
example, increased and joint water monitoring and information
sharing.
- A commitment to revisit the current approach and legal
framework for managing water and environmental data to make it more
accessible to national stakeholders.
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