ADB's Focus on Agriculture and Food Security
In the Spotlight
New value crops like Japanese cucumbers are helping farmers in the Lao People's Democratic Republic maximize their land and generate additional income.
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.
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.