Water privatization

Water privatization refers to the process of transferring the management of water services from public entities to private companies. This shift can involve the operation, maintenance, and funding of water supply and sanitation services. Proponents argue that privatization can improve efficiency, investment, and service quality through competition. Critics, however, warn that it may lead to higher prices and reduced access for low-income communities, as profit motives can overshadow public welfare. The debate around water privatization centers on balancing economic efficiency and equitable access to this essential resource.