Current Affairs - Finance - Discussion

The $25.45 million grant for the Solomon Islands water project was approved by the Asian Development Bank (ADB). This grant is part of the larger Urban Water Supply and Sanitation Sector Project, which aims to improve water and sanitation services in Honiara and five other towns. The project focuses on providing sustainable, climate-resilient water services, enhancing hygiene awareness, and managing water efficiently. The total cost of the project is $125 million, co-funded by ADB, the World Bank, the Global Environment Facility, and the European Union.