The Cooperation Fund for Water and Sanitation (FCAS) is an instrument of Spanish Cooperation has focused on ensuring access to safe water and sanitation to the neediest populations in Latin America and the Caribbean. The lack of these basic services is one of the elements that keeps millions of people into poverty, and has a negative impact on health, education, gender equality, and environmental sustainability in the region.
The Fund was established in 2007 and started its activities in 2008. It is endowed with 1,500 million (approximately EUR 1,200 million). It represents the commitment of Spain to implement the human right to water and sanitation, as set out in the Third Master Plan for Spanish Cooperation, and makes an important contribution to achieving the Millennium Development Goals. The Fund is an initiative of development cooperation embodying the principles of the Paris Declaration (PD) on Aid Effectiveness to Development.
Latin America and the Caribbean
The Fund allows to launch programs and projects of the water and sanitation sector in partner countries of the region, giving priority to the poorest countries and most vulnerable populations. Their contributions focus on the provision of infrastructure to ensure access to water and sanitation in unserved populations, assistance in establishing systems of governance, efficient, transparent and participatory services and in strengthening institutions and agencies of the recipient countries to promote the design and implementation of comprehensive policies to ensure the sustainability of water resources.
The Fund is managed by the Spanish Agency of International Cooperation for Development (AECID), through the Directorate of Cooperation and the Caribbean Latine Ameríca AECID, which is part of the Department of Cooperation Fund for Water and Sanitation. To function is provided by an Executive Committee which includes several ministries related to the subject, and an Advisory Council involving public, private and NGO.