The second scope of this analysis was to development an index that would allow the incorporation of broader development and governance aspects than contemporary vulnerability approaches are able to do. To address this scope, the developed approach takes in to account the dimensions of governance, economic and social development as well as social challenges that the river basins are subjected to. This is in line with the currently urged need to go out of the water box’ (Biswas, 2005; Varis,2005; World Water assessment Programme,2009) in water resources management analyses.