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ADB earmarks 25 percent resources for water financing.
Byline: ASMA RAZAQ
In the wake of increasing food shortage, the Asian Development Bank (ADB) has earmarked 25 percent of resources for Water Financing Program (WFP) for the period from 2006 to 2010 in five countries, Pakistan, India, Indonesia, Philippines and Vietnam.
A report released by ADB showed that about 80 percent of the bank's budget for water operations would be utilised on water sector. According to the report, to improve water management system, along with supplying safe drinking water, ADB lending program under the WFP to Pakistan was approved $1.5 billion over 3 years, from 2006 to 2008. But the report does not give any clue about the lending …
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