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ADB approves 32.35-mln-USD loan, grant to Kyrgyzstan

0 Comment(s)Print E-mail Xinhua, September 30, 2024
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MANILA, Sept. 30 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it has approved 32.35 million U.S. dollars of additional financing for a rural water supply and sanitation development program in northern Kyrgyzstan.

The financing comprises a 27-million-dollar concessional loan and a 5.35-million-dollar grant from the Asian Development Fund, which provides grants to ADB's poorest and most vulnerable developing members.

The Kyrgyzstan government will contribute another 6.45 million dollars in this financing round.

The ADB said the additional financing will empower the government to continue rolling out its water program under Kyrgyzstan's National Development Strategy 2018-2040. It aims to provide drinking water to 95 percent of the country's settlements and extend centralized water supply to more than 2 million rural residents.

Using a results-based approach, the ADB said the additional financing will help scale up the successful intervention in centrally located Naryn province, raising the initial target of 64,000 people to 100,000.

Climate change considerations are integrated throughout the program's design and targets, including piloting household sanitation solutions to tackle climate change and disasters.

The program will fund climate risk assessments of potential potable water sources and deploy campaigns to raise residents' awareness of the importance of saving water. Enditem

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