Asian Development Bank Approves United States Dollar (USD) 50 Million Loan for Water Resource Management and Climate Resilience in Meghalaya.
Banking & Finance
The Asian Development Bank (ADB) has approved a loan of United States Dollar (USD) 50 million to enhance water resource management and climate resilience in Meghalaya, India. This funding aims to improve the state's capacity to manage its water resources effectively and adapt to the impacts of climate change. The project will focus on sustainable practices, including the development of infrastructure for water supply and irrigation, as well as community engagement in resource management. ADB's support will contribute significantly to the state's efforts to mitigate water-related challenges and promote sustainable development in the region.
Improved water management will enhance agricultural productivity and support local farmers in Meghalaya, fostering economic growth.
Strengthening community involvement in resource management will ensure sustainable practices and better resilience against climate change impacts.
President: Masatsugu Asakawa
Headquarters: Mandaluyong, Philippines
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