ABSTRACT
During the last decade water funds initiatives have emerged throughout Latin America. Water funds are coordinated, cross-societal agreements with the purpose of offering an innovative payment mechanism for investment in green infrastructure and programmes such as watershed conservation, restoration of freshwater ecosystems and sustainable small businesses. Sustainable revenues are generated through contributions from water users and public and private institutions interested in watershed conservation and the protection of water sources. These sustainable revenues are in general derived from a combination of endowment funds interests and other flows of revenues based for example on user fees, municipal ordinances or private commitments.
