Key Takeaways
- The ADB has approved a 30-million-U.S.-dollar financing package to improve climate resilience and water resources management in Nepal’s Karnali and Sudurpashchim provinces.
- The Climate-Resilient Landscapes and Livelihoods project will support the construction of small-scale drinking water systems and gravity-fed irrigation facilities.
- The project aims to protect landscapes from the adverse effects of climate change and improve livelihoods of communities in 24 municipalities.
Manila: The Asian Development Bank (ADB) on Monday said it has approved a 30-million-U.S.-dollar financing package to improve climate resilience, water resources management and livelihoods of communities in Karnali and Sudurpashchim provinces in Nepal.
The package includes a 10-million-dollar concessional loan and a 20-million-dollar grant from the Asian Development Fund. The Fund provides grants to ADB’s poorest and most vulnerable developing members, supporting their development needs.
According to the ADB, the Climate-Resilient Landscapes and Livelihoods project will help communities in 24 municipalities prepare catchment management plans to ensure effective water resources management and water security.
The project will support the construction of small-scale drinking water systems and gravity-fed irrigation facilities with measures to protect landscapes from the adverse effects of climate change.
