Abstract
Philippines is a country richly endowed with natural resources, including abundant surface and groundwater resources. Its total internal water resource is estimated at 130 km^3/year. However, despite the vastness of this potential supply, the country has a low freshwater availability per capita and experiences water-related problems. Analyzed holistically, the problems will redound to institutional and management failures. The water governance sector is fragmented and the institutional framework is weak, as it is also given less priority by the government. Though there is already the consciousness of solving the seemingly worsening problem and several moves were already undertaken, much has to be done for the country to attain "water supply and demand balance", as there are a lot of things to do to conserve one of the nature's very important resource- water.