The Saudi Fund for Development (SFD), a Saudi Arabian government agency that provides development assistance to developing countries by financing social and infrastructure projects, has signed a $100 million loan agreement to support the Interprovincial Aqueduct Santa Fe–Córdoba Project (Phase 1, Block B-C) in Argentina.
This agreement will boost Argentina’s economy by supporting potable water development in Santa Fe and Córdoba. Phase 1 of the aqueduct project will include works reaching from Coronda to San Francisco, providing more than 410,000 people with access to safe water and fostering development in Santa Fe and Córdoba.
This project supports the realization of the U.N. Sustainable Development Goals, specifically SDG 3, Good Health and Wellbeing, and SDG 6, Clean Water and Sanitation. SFD has funded more than 750 development projects worth $20 billion in more than 90 countries around the world.