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ADB reduces poverty, supports water project

    ABIDJAN

    The African Development Bank Group (ADB) approved on Wednesday US $37.2 million in debt relief to Niger, as part of the Bank’s Heavily Indebted Poor Countries (HIPC) Initiative.

    The money-saved would be used to support a series of macroeconomic activities that would promote human development as proposed by Niger in a Poverty Reduction Strategy Paper, the ADB said in a statement.

    Moreover, the African Development Fund (ADF), the soft-loan arm of the ADB, has, in principle, approved US $1.24 million for a rural water supply study in Niger. The study aims to identify sources of potable water and assess the sanitation needs of the country.

    Since it started making loans to Niger in 1970, the ADB has committed US
    $249.1 million to 33 projects. Of this amount, some US $ 177.6 million has been disbursed.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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