2005 - 2006 - Pinsent Masons Water Yearbook 2012

PART 4: APPENDIX 4: GLOSSARY OF WATER AND FINANCE TERMS AND ABBREVIATIONS
with the particular aquatic environment. Degrades the quality of the ecosystem and impairs
water quality. The main causes are industrial agriculture (fertilisers and slurry) and excess
effluent discharges.
Evapotranspiration. The removal of water from a surface through evaporation.
FAO. Food and Agriculture Organisation of the United Nations.
‘French Model’. Also known as affermage, (see Lease).
Fresh water. Water that contains less than 1000 milligrams per litre of dissolved solids such as
metals and nutrients.
FY. Financial Year.
GEF. Global Environment Facility (World Bank)/Global Environment Fund (privately held).
‘German Model’. Also known as Kooperationmodel and the Beteribermodell (see Common
Ownership).
GDP. Gross domestic product–most effectively compared through using the Purchasing Power
Parity tool, PPP.
Groundwater. The supply of fresh water found beneath the earth's surface (usually in aquifers)
which is often used for supplying wells and springs.
Groundwater recharge. The inflow to an aquifer.
Habitat. United Nations Centre for Human Settlements (see UNCHS).
Hague. The second global water summit, held in the Hague in 2000. Unveiled the 2025 target
for universal water and sanitation provision, allied with greater private sector investment.
IADB. Inter-American Development Bank. Development Bank primarily concerned with
financing infrastructure projects in Central and South America.
IFC. International Finance Corporation (World Bank, investment banking and privatisation).
IMF. International Monetary Fund – encourages the sale of assets as part of state refinancing.
Inset Appointment. Term for water provision contracts awarded to a new company within an
incumbent company’s service area. A form of water service provision competition, mainly seen
in the UK.
IPO. Initial Public Offering, whereby a company’s shares are listed and subsequently traded on
a recognised stock exchange for the first time.
IPPC. Integrated pollution prevention and control regulates the discharges from industrial
processes into the air, land and water.
ISPA. Instrument for Structural Policies for Pre-Accession. EU funding for Accession
Candidates, providing up to 75% of the cost of transport and infrastructure projects.
IWRM. Integrated Water Resources Management.
Johannesburg. The Second Earth Summit was held at Johannesburg in 2002. Targets to
halve the proportion of people not connected to water or sanitation by 2015 were agreed.
JV. Joint Venture.
398 Pinsent Masons Water Yearbook 2005-2006