Global Review of Economic Instruments for Water Management in Latin America and the Caribbean

This paper discusses the importance and applicability of economic instruments in the context of water management. The paper presents a typology and associated examples of implementation from European Union (EU) countries and Organization of Economic Co-operation and Development (OECD) countries. This report intends to assist in the identification of economic instruments appropriate for application in the Latin American water management context, therefore in the last section, comparisons between the presented examples and Latin American countries are assessed. This report has been initiated to support discussion among participants in the Regional Policy Dialogue on Environmental Management celebrated on February 25th and 26th, 2003.