Regional : ECOM COVID-19 Smallholder Farmer Climate Resilience and Livelihood Support Project
Proposed loan of up to $60,000,000, in United States dollars, to ECOM Agroindustrial Corp. Limited (EACL) and to ECOM Agroindustrial Asia Pte. Limited (EAA) for the Ecom COVID-19 Smallholder Farmer Climate Resilience and Livelihood Support Project in Viet Nam, India, Indonesia, and Papua New Guinea (PNG). The report also describes proposed technical assistance (TA) for the Climate Resilient Farmer Group Development to Support COVID-19 Recovery for Smallholder Coffee Farmers.
Donges, Carine Sophie
Private Sector Operations Department
Request for information
14 December 2021
- Agriculture, natural resources and rural development
|Project Name||ECOM COVID-19 Smallholder Farmer Climate Resilience and Livelihood Support Project|
|Borrower / Company||ECOM Agroindustrial Asia Pte. Ltd.
ECOM Agroindustrial Corp. Limited
|Country / Economy||Regional
Papua New Guinea
|Location||India - Nation-wide; Indonesia - Nation-wide; Papua New Guinea - Nation-wide; Viet Nam - Nation-wide|
|Type or Modality of Assistance||
|Operational Priorities||OP1: Addressing remaining poverty and reducing inequalities
OP2: Accelerating progress in gender equality
OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
OP5: Promoting rural development and food security
OP7: Fostering regional cooperation and integration
|Sector / Subsector||
Agriculture, natural resources and rural development / Agro-industry, marketing, and trade
|Gender||Effective gender mainstreaming|
|Responsible ADB Department||Private Sector Operations Department|
|Responsible ADB Division||Office of the Director General, PSOD|
|Responsible ADB Officer||Donges, Carine Sophie|
|Description||Proposed loan of up to $60,000,000, in United States dollars, to ECOM Agroindustrial Corp. Limited (EACL) and to ECOM Agroindustrial Asia Pte. Limited (EAA) for the Ecom COVID-19 Smallholder Farmer Climate Resilience and Livelihood Support Project in Viet Nam, India, Indonesia, and Papua New Guinea (PNG). The report also describes proposed technical assistance (TA) for the Climate Resilient Farmer Group Development to Support COVID-19 Recovery for Smallholder Coffee Farmers.|
|Objectives and Scope||The project will enable ECOMs continuous engagement with more than 15,265 smallholder farmers in the context of COVID-19. The project will finance coffee inventories procured from, and cash advances and extension services to, more than 15,265 farmers. By ensuring reliable offtake to farmers, the project will help preserve their livelihoods. Extension services provided under ECOMs sustainability programs focus on improving farmers adaptive capacity for climate change by introducing sustainable farming techniques, data solutions, financial literacy, and quality assurance methods, ultimately boosting farmers incomes while minimizing harmful environmental impacts. The accompanying TA will provide capacity building across Indonesia and PNG in climate-smart coffee farming best practices and financial literacy, further supporting farmers prompt recovery from the COVID-19 pandemic, with a specific focus on climate resiliency.|
|Linkage to Country/Regional Strategy||
The project is aligned with ADB's Strategy 2030, which calls for ADB to scale up its financing for agribusiness and promote gender equality in at least 75% of the number of ADB's committed operations by 2030. The project is aligned with the Operational Plan for Private Sector Operations, 2019 to 2024, which calls for working with tier 1 agribusiness companies because of their potential to have widespread impact, including as partners in the Technical Assistance. The project supports ADB agriculture related strategies and action plans of subregional programs. The project is consistent with ADB's country partnership strategies for Viet Nam, India, Indonesia, and PNG.
The project is consistent with the Strategy 2030 operational plans for priority 1 (addressing remaining poverty and reducing inequalities); priority 2 (accelerating progress in gender equality); priority 3 (tackling climate change, building climate and disaster resilience and enhancing environmental sustainability); and priority 5 (promoting rural development and food security), which calls for the integration of farmers, agribusinesses, and consumers into efficient and sustainable value chains. It is consistent with priority 7 (fostering regional cooperation and integration) by supporting nonsovereign lending for cross-border operations for agriculture value chains. The project is part of ADB's Comprehensive Response to the COVID-19 Pandemic.
|Summary of Environmental and Social Aspects|
|Environmental Aspects||In compliance with ADBs Safeguard Policy Statement (2009), ADB has categorized the investment as category C for environment. This categorization is based on the understanding that ADB's loan proceeds will be used by EACL and EAA for working capital to procure coffee and cocoa in Viet Nam, India, Indonesia, and Papua New Guinea. As such, the use of proceeds is anticipated to have minimal environmental impacts.|
|Involuntary Resettlement||In compliance with ADB's Safeguard Policy Statement (2009), ADB has categorized the investment as category C for involuntary resettlement.|
|Indigenous Peoples||In compliance with ADB's Safeguard Policy Statement (2009), ADB has categorized the investment as category C for indigenous peoples.|
|Stakeholder Communication, Participation, and Consultation|
|Timetable for assistance design, processing and implementation|
|Credit Committee Meeting||-|
|Approval||14 Dec 2021|
|Last PDS Update||16 Sep 2022|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|ECOM COVID-19 Smallholder Farmer Climate Resilience and Livelihood Support Project: Report and Recommendation of the President||Reports and Recommendations of the President||Nov 2021|
|ECOM COVID-19 Smallholder Farmer Climate Resilience and Livelihood Support Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Nov 2021|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
ADB, ECOM Sign Loan to Support Livelihoods, Boost Climate Resilience of Smallholder FarmersThe Asian Development Bank, ECOM Agroindustrial Corp. Limited signed a loan of up to $60 million to help sustain the livelihoods of smallholder farmers amid the COVID-19 pandemic, and improve their ability to withstand the impacts...