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ADB and the Government of Bangladesh today signed a grant agreement of $2 million to develop innovative new crop insurance products that will give small-holder farmers in Bangladesh income protection from increasingly severe storms and natural disasters.

Member countries of the Greater Mekong Subregion face losing recent development gains unless they invest more to secure natural resource stocks, senior officials from the six countries heard at a meeting in Myanmar today.

It is critical that Asia’s precious but increasingly scarce water resources are managed in a coordinated way to ensure the region has not only sufficient water but also enough food and energy to meet its needs, ADB President Takehiko Nakao said today.

ADB is providing emergency humanitarian assistance of $3 million from its Asia Pacific Disaster Response Facility to help Cambodia recover from devastating floods that have affected 1.7 million people and caused an estimated $1 billion in damage.

Asia’s economies coped fairly well with the food crisis of 2007–2012, but stagnating agricultural productivity and increasingly extreme weather are putting the region at great risk of sustained higher level food prices, says a report on food security in Asia.

ADB will help overhaul a 45-year-old, inefficient water supply system in Bukhara and Navoi provinces in Uzbekistan, that will secure reliable irrigation to 6,500 farms and provide drinking water access to 725,000 consumers.

Asia and the Pacific's drive for food security has focused too narrowly on quantity, with a surge in obesity and still high levels of malnutrition in some countries highlighting the need for a new approach, says a new ADB study.

The Government of Cambodia and ADB today signed loan agreements worth $70 million to expand the country’s rice sector and promote reforms in the finance sector.

Up to 6,000 farmers in Gujarat, India could attain higher revenues from their crops with the construction of cold storage facilities for fruits and vegetables by Champion Agro using $18.4 million in funding from ADB.

Labor and land ownership laws throughout the Asia-Pacific region must change if women are to reach their full potential as farmers and food production workers, says a new report prepared jointly by ADB and the Food and Agriculture Organization of the United Nations.