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Sweden contributes to Poverty and Environment Fund

AFP
AFP - [email protected]
Sweden contributes to Poverty and Environment Fund

The Asian Development Bank (ADB) said the Swedish government has approved an additional contribution of 15 million kronor ($2.5 million) to the Poverty and Environment Fund administered by the ADB.

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Sweden's new contribution will be issued in three equal instalments between 2008 and 2010, the Bank said.

The contribution will help finance efforts to identify, pilot-test, and demonstrate potentially replicable approaches that reduce poverty and improve the capacity of poor people to contribute to environmental management, the ADB said.

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