Interview with Catherine L. Mann, OECD Chief Economist, Head of the Economics Department and Special Counsellor to the Secretary –General G20 Finance Deputy.
In today’s pressing demand for solutions in water scarcity, financial and business communities are eyeing the water sector that only few years ago was a very niche market for select investors. Climate change, COP21 are stating the reality of limited natural resources and immediate need to solve the problem of feeding our growing population. On a surface it looks like water possesses more than required set of indispensable qualities to be considered as a tradable commodity. It is obviously the only natural resource without which no human being can survive and on top of this it has no substitute at all. So water potentially can be viewed as a great tradable commodity or at least it should provide the investment community with an opportunity to engineer a new financial instruments that will reflect it’s real demand and value to the market. Leaving the speculations behind we decided to clarify some questions arising in this connection. In our conversation with Catherine L. Mann, OECD we deepen our understanding of the obstacles and possibilities to remove them for making water a tradable commodity. Catherine L. Mann, OECD gives her insights on Multi-Purpose Water Infrastructure Asset Class, Municipal Bonds and some risks associated with them.