Guayaquil’s Fund for Water Conservation - Fondos de Agua
Initial Date: April 2015

Context

Guayaquil, with 3 million inhabitants, is the biggest and most inhabited city in Ecuador. This is mainly a commercial city, but it is also characterized by having an important industry and touristic sector growth.

Its daily water consumption is about 1 million cubic meters. Despite there is evidence that the city’s growth has been slow moving in comparison with previous decades, it is still being positive.

Basin

Guayaquil is supplied from Daule river’s basin, which is part of Guayas river, one of the most important and mighty rivers from the South American pacific coast.

Studies

The Latin-American Water Funds Alliance, supported by local partners, has carried out technical and socioeconomic studies to implement a Water Fund for Guayaquil’s water conservation. These studies have demonstrated the necessity of having a financing mechanism for basin conservation, the technical feasibility to firm it up and the interest and compromise from local claimants for its creation.

Founder Partners

  • EMAPAG-EP
  • The Nature Conservancy, TNC
  • Latin-American Development Bank, CAF
  • Interagua
  • Cervecería Nacional (Sab-Miller)

Allied Local Institutions

  • Arca Continental
  • Coca Cola Company

Allied Regional Institutions

  • BID Fundation

Beneficiaries

Around 3 million people who are supplied by Daule River water basin.

Amount

This water fund has initial contributions of around $130.000 dollars, which will be invested in long term conservation activities.

The National Environmental Fund would be responsible for the funds administration. There is also a great expectative from other private companies and other local governments to join this fund which has been established to increase its sustainability and its actions impact.

Guayaquil’s water fund promotes conservation and restoration of zones, which include: Daule river headwaters from Guayas, Manabí and Santo Domingo provinces, inundate plains from Daule river middle zone, Manabí western mountains and Chongón Colonche mountain chain.

Guayaquil’s water fund brings together the most important sectors from society. All of them contribute with their experience when it comes to conservation, sociocultural patrimony, economy and sustainable politics.

Conservation Activities

Expected actions that have been considered:

  • Critical area protection
  • Restoration of certain areas including riberaI zones
  • Straighten out productive practices Implementation
  • Land-use planning basin focused
  • Education and environmental awareness and quality and quantity water monitoring
  • Intensive diffusion program and uprising resources

This fund is part of the Latin-American Water Fund Alliance, which was created in June of 2011 by The Nature Conservancy (TNC), FEMSA Foundation, The Inter-American Development Bank (BID) and the Global Environment Fund (FMAM-GEF). It was conceived to develop and strengthen the water fund in Latin-America. This Alliance count includes 17 operating funds located in Brazil, Colombia, Ecuador, Mexico, Peru and other Latin-American countries.

The water funds are the first Latin-American initiative that join civil society, academia, public and private sectors and international organizations with a basins conservation strategy at regional level.