City
Epaper

ADB approves 100 million USD loan to Sri Lanka

By IANS | Updated: September 11, 2024 18:05 IST

Manila, Sep 11 The Asian Development Bank (ADB) on Wednesday said it has approved a policy-based loan of ...

Open in App

Manila, Sep 11 The Asian Development Bank (ADB) on Wednesday said it has approved a policy-based loan of 100 million US dollars to support Sri Lanka's water supply and sanitation sector reforms, which are designed to enhance the country's resilience to climate change impacts and promote long-term sustainability.

The ADB said the Water Supply and Sanitation Reform Programme, composed of two subprogrammes of 100 million dollars each, will contribute to a more resilient and sustainable delivery of water supply and sanitation services, Xinhua news agency reported.

Subprogramme 1 will establish policies and strategies nationally and for the National Water Supply and Drainage Board, while Subprogramme 2 will support the implementation of reform actions and guidelines.

The ADB said Sri Lanka's water resources management has been grappling with a host of challenges.

These include unbalanced water allocation between agriculture and drinking water, inadequate consideration of climate change in planning and development, the involvement of multiple agencies at national and regional levels, and the adverse effects of unplanned land use and deforestation.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalDhaka Plane Crash Death Toll Rises to 25; Deadliest Accident Since 1984 in Bangladesh

InternationalUS envoy emphasises diplomatic efforts in Lebanon-Israel ceasefire

NationalEarthquake in Haryana: Mild Quake of 3.2 Magnitude Hits Faridabad

InternationalGita Gopinath to step down from IMF in August, set to rejoin Harvard

NationalMonsoon Session: Parliament set to proceed today after disruptions led to day 1 adjournment

International Realted Stories

InternationalUK launches 50-Day military support campaign for Ukraine

InternationalTrump administration releases Martin Luther King Jr assassination files

InternationalGermany greenlights Taliban consular officials to support Afghan deportations

International"Defies First Amendment": WHCA condemns White House move to remove Wall Street Journal from Scotland trip

InternationalKhyber Pakhtunkhwa: Four children die as Swat faces another devastating flash flood