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Instruments for optimal management of transboundary resources: lessons for the Nile Waters?

Abstract 

The resolve to make meaningful use of the Nile waters has been one of the most important development milestones in Ethiopia over the last Century. Given the transboundary nature of the Nile and the fact that little use has been made of the waters on Ethiopia’s part, assessing ways of optimally managing the resource is increasingly attracting attention from national and international researchers and policy makers, as well as the media. The objective of this article is to present an overall review of available economic instruments in optimal management of the resource. The assessment focuses on various economic instruments, namely, insights from efficiency principle, and strategic interactions and market-based instruments to draw policy lessons. The findings generally show that economic instruments could, in principle, be used to address the coordination gaps that act as stumbling blocks against efficient use of the Nile water, to the benefits of all stakeholders. The findings of the study also indicate areas where further quantitative analyses should be focused on. 

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