PepsiCo & Inter-American Development Bank Partnership Helps More Than 765,000 People in Latin America Gain Access to Clean Water

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[{"type":"text","content":"PURCHASE, N.Y., Aug. 13, 2019 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that its partnership with the Inter-American Development Bank (IDB), the largest source of development financing in Latin America, has helped more than 765,000 people in rural areas of Mexico, Peru, Colombia and Honduras gain new or improved access to drinking water and sanitation services since 2011. With grants to IDB in 2011 and 2016 totaling $7 million The PepsiCo Foundation, the company's philanthropic arm, has helped catalyze $547 million in additional funding from others to support infrastructure investments and upgrades in these communities. \n\n \nIn Latin America and the Caribbean, nearly 230 million people lack access to safe and clean drinking water. Due in part to population growth and variability in the distribution of water resources, according to IDB, regional water scarcity is increasing, threatening the health and safety of communities, profoundly impacting hygiene and contributing to waterborne diseases, famine, migration and violence. \n\"One of the main areas of our partnership with The PepsiCo Foundation through the AquaFund focuses on bringing water and sanitation to rural communities in remote and dispersed areas, usually more difficult to reach,\" said Sergio I. Campos G., IDB Water and Sanitation Division Chief. \"Access to safe water and improved sanitation services has a positive impact on the health and overall wellbeing of these communities, unlocking their social and economic potential.\"\nAs part of an effort to address this issue, PepsiCo made the first and only private sector investment in IDB's Aquafund, a main financing mechanism to support water and sanitation investments in rural and displaced Latin America communities which receive less support for clean water projects than more densely populated areas.\nThe PepsiCo-funded pilots were highly effective, providing more than 765,000 people access to clean water in their communities primarily through the installation of water pumps and pipes. The pilot programs helped more than 485 households in 11 communities in Mexico and more than 3,700 students at 10 local schools in Colombia gain better access to drinking water and sanitation services. The successful pilots attracted additional support from international public sector partners, that provided funding t...

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