The Bill & Melinda Gates Foundation and the Asian Development Bank (ADB) have partnered to set up a joint trust fund to improve access to sanitation in Asia and the Pacific. Announced at World Water Week, the new Sanitation Financing Partnership Trust Fund will receive a $15 million investment from the Gates Foundation and will leverage more than $28 million in investments from ADB by 2017.
The Trust Fund aims to increase non-sewered sanitation and develop septage management solutions through funding innovative projects and supporting policies for low-income urban communities across Asia. The Trust Fund will be part of ADB’s Water Financing Partnership Facility (WFPF). Over the last seven years, WFPF has invested $2.5 billion in WASH projects. Through initiatives such as Grand Challenges Exploration and Reinvent the Toilet Challenge, the Gates Foundation has funded 85 development and research projects on sanitation.
View the infographic to learn about the Trust Fund’s goals.
Read ADB’s press release for additional details.