SUMMARY
The notion of sustainable development in the context of water resources is discussed. Facing the increasing pressures — population growth with consequences for settlements and production of food and fibre, and human aspirations to better living standards — the business-as-usual approach to water development and management cannot he globally sustainable. The need for curbing water demands and for ‘doing more with less’ are gaining growing recognition in our increasingly thirsty planet. An integrated approach to freshwater resources is needed, based on the perception of water as a natural resource, part of the ecosystem, and an economic and social good. It is discussed how hydrological extremes jeopardize sustainable development. Sustainability-related properties of drought and flood preparedness and mitigation measures are reviewed. Even if the term ‘sustainable development’ has been typically used in a qualitative sense, in order to compare how different options (e.g. flood protection alternatives) fare with regard to sustainable development, one needs at least rough quantitative measures. A sample of relevant indices is reviewed. It is advocated that hydrological observations should be recognized as an essential component of sustainable development and management of water resources.