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The ICPDR serves as a conduit for collaboration between Danube countries and the Black Sea region in matters necessitating coordinated action. It also collaborates with other international organizations in other river basins to tackle emerging challenges linked to water management (e.g., climate change adaptation). Partnerships with relevant international organizations to effectively address emerging challenges associated with water management, such as climate change adaptation are also part of the ICPDR's coopertaion activities.

Rivers are a natural resource that have been a focal point of transboundary governance for centuries. It is challenging to manage them for the benefit of riparian communities – especially if they are transboundary. This requires the development of a water infrastructure to harvest the socioeconomic benefits, while at the same time protecting the ecosystem for future generations.

River Basin Organizations (RBOs) have been established in many of the world’s basins to better coordinate different stakeholders’ actions and foster cooperation instead of conflict. Based on the experiences of several RBOs worldwide, several key characteristics for their effectiveness can be identified.

The IRF European Riverprize is awarded annually since 2013 to reward best practice river basin management from the Urals to the Atlantic. The award was launched in a partnership between the ICPDR, the Coca-Cola Compay, the International River Foundation (IRF) and the European Center for River Restoration.