This document is the ninth in the series of ten policy papers to be prepared under the IMPSA Program. It is based primarily on three staff working papers on the issues related to the topic and two studies conducted on future irrigation investment trends, needs and options, one conducted by IIMI and the other under the World Bank-funded Public Sector Restructuring Project. The purpose of this policy paper is to outline the key areas where future investments will be essential to achieve the vision; spell out the priorities of future investments and the roles of public and private sectors in fulfilling the priority needs; and estimate approximately, the levels of investments required for the major components of the policy interventions envisaged in the immediate period ahead.