This article was originally published on World Bank WAVES Partnership.
“Poor countries and poor people are highly dependent on natural capital such as forests, water, farmland and minerals for their development. Consequently policymakers and planners need relevant information on the stocks and flows of natural capital, on who is using it, how it is being used and on the values realized.
At present, this kind of information is often incomplete and/or unused by decision makers in developing countries. Natural capital accounting could be a system for pulling together good information and presenting it in ways that directly inform poverty reduction strategies. The World Bank’s WAVES Partnership programme is working with many developing country governments to support establishing nationally tailored natural capital accounting systems that can contribute to national development and poverty reduction plans.
Natural capital accounting (NCA) provides systematic information about the assets that poor people and low income countries depend on for income, livelihoods, health, security and resilience…”
Read the full briefing at: World Bank WAVES Partnership.