IDB Sets Up Water and Sanitation Fund

The Inter-American Development Bank has established the Aquafund, a fast-disbursing vehicle backing water, sanitation and solid waste disposal projects. “There are many innovative proposals for improving water and sanitation services in Latin America today,” said IDB President Luis Alberto Moreno. “Aquafund was created to help make those proposals a reality by financing the early stages of project preparation, and also to help replicate successful experiences on a larger scale.” The fund is expected to grant USD15 million for the rest of 2008 and USD35 million in 2009. (“IDB offers grants to jump-start water and sanitation projects” - Inter-American Development Bank, Sept. 19, 2008)

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