ADB, China to cooperate on water pollution management
Friday, 19 October 2007
MANILA, Oct 18 (Xinhua): The Asian Development Bank (ADB) will cooperate with China in developing a market-based system to manage water pollution, said the bank in a news release today.
A policy study on market-based instruments for water pollution control seeks to strengthen water pollution management systems to help the country achieve its water pollution control target more effectively and efficiently, said the multilateral developing finance institution.
It added that the project will develop a set of policy advice and recommendations that will serve as basis for introducing market-based instruments and mechanisms to combat the country's water pollution problems.
ADB will provide a 500,000-US dollar grant for the project, which is estimated to cost 650,000 dollars. The balance will be covered by the Chinese government.
The country has been experiencing rapid economic expansion since the late 1970s, maintaining an average annual gross domestic product growth of about 9 per cent and lifting millions of people out of absolute poverty.
A policy study on market-based instruments for water pollution control seeks to strengthen water pollution management systems to help the country achieve its water pollution control target more effectively and efficiently, said the multilateral developing finance institution.
It added that the project will develop a set of policy advice and recommendations that will serve as basis for introducing market-based instruments and mechanisms to combat the country's water pollution problems.
ADB will provide a 500,000-US dollar grant for the project, which is estimated to cost 650,000 dollars. The balance will be covered by the Chinese government.
The country has been experiencing rapid economic expansion since the late 1970s, maintaining an average annual gross domestic product growth of about 9 per cent and lifting millions of people out of absolute poverty.