ADB's Focus on Agriculture and Food Security
In the Spotlight
ADB and JICA today signed $163 million in loan agreements to help improve inclusive and sustainable agricultural value chains in Indonesia, Papua New Guinea, Timor-Leste, and Viet Nam.
ADB signed a $32 million loan agreement with Spayka Limited Liability Company (Spayka), a leading food producer and exporter in Armenia, to help the company expand greenhouse operations and increase exports.
ADB and the Government of Mongolia today signed a $3 million grant to pilot community-based approaches to farming in the country’s central growing region of Tuv, Selenge, Darkhan-Uul, and Uvs aimags.
ADB has approved a $275 million loan to help build a surface irrigation system to increase agricultural production and improve food security in the Jhelum and Khushab districts in Punjab province in Pakistan.
Two-thirds of the world’s one billion hungry reside in Asia and the Pacific. Rising food prices are bringing the specter of food shortages and undernutrition to millions more of the region’s poor.
Supplying growing populations with adequate and affordable food is a major challenge, requiring massive investments in food distribution, storage, and marketing facilities.