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(From BusinessWorld (Philippines))
Byline: Beverly T. Natividad
The Asian Development Bank (ADB) targets to double its lending for water financing in Asia to $2 billion every year from 2006 to 2010 in order to boost much-needed investments to improve water supply and sanitation in countries like the Philippines.
In the Regional Conference on Water Financing yesterday, ADB vice- president for Knowledge Management and Sustainable Development Geert H.P.B. van der Linden said ADB's water financing program plans to focus investments in three particular areas of the water sector: rural and urban water services, as well as management of water in river …