ABD Facility Benefited 123m In 20 Developing States

APP

Islamabad: The Asian Development Bank’s (ADB) Water Financing Partnership Facility has catalysed nearly $10 billion in ADB water sector investments and benefited around 123 million people in 20 DMCs by December 2022.

The ADB trust fund has leveraged over $1.64 billion in ADB investments on citywide inclusive sanitation (CWIS) projects in its developing member countries (DMCs) as of 2022.

Moreover, the Asian Development Bank’s (ADB) Sanitation Financing Partnership Trust Fund has received $8 million in replenishment from the Bill and Melinda Gates Foundation, bringing the foundation’s financial contribution to the trust fund to $27 million since 2013.

This contribution has further scaled up the partnership between the two institutions to improve access to safe sanitation in Asia and the Pacific.

ADB Water and Urban Development Sector Office Senior Director Norio Saito stated that this contribution magnifies the impact of our initiatives to improve access to safe sanitation in the region.

This new funding will help advance ADB’s focus on addressing climate resilience in sanitation infrastructure and services while helping to make these services affordable, safe, inclusive and effective.

The trust fund was established in 2013 to promote investments in fecal sludge management, focusing on establishing markets, regulatory frameworks, and innovative business models that facilitate the delivery of non-piped sanitation and septage management services in DMCs.

The trust fund also aims to accelerate the adoption of the CWIS approach to promote adequate, equitable, and inclusive sanitation service solutions in the region.

Since its creation, the trust fund has helped improve the sanitation of 13.93 million people in the region. Out of the $1.64 billion in leveraged investments in CWIS projects, around $410 million was channelled towards non-sewered sanitation and faecal sludge management projects.

The trust fund is part of ADB Water Financing Partnership Facility which mobilises financial and knowledge resources from development partners to support ADB’s operations in the water sector.