Agriculture and Food Security

ADB scales up nature-based solutions and support for climate-smart agriculture across the entire agriculture and food value chains, including the blue economy.

Easing Food Crisis and Promoting Long-Term Food Security in Asia and the Pacific

Food insecurity is threatening to reverse decades of development progress in Asia and the Pacific. In September 2022, ADB announced plans to provide at least $14 billion over 2022-2025 in a comprehensive program of support to ease a worsening food crisis in the region, and improve long-term food security by strengthening food systems against the impacts of climate change and biodiversity loss.

The assistance expands ADB’s already significant support for food security in the region, where nearly 1.1 billion people lack healthy diets due to poverty and food prices which have soared to record highs in 2022.

Profile photo: Masatsugu Asakawa

Food price inflation in developing Asia

Regional food prices have risen steeply, mainly due to the COVID-19 pandemic and the Russian invasion of Ukraine.

Prices of key agricultural products

Food prices remain high, but have recently fallen from their peaks on sluggish demand and improved crop expectations

 

ADB's immediate response

In 2022, ADB expects to finalize commitments totaling about $3.3 billion.

$0 billion

Public Sector (Sovereign) Operations


Repurpose and utilize existing projects
Strengthen countercyclical support facility for food security
Launch new projects in agriculture, natural resources, and rural development

$0 million

Private Sector (Nonsovereign) Operations


Trade and supply chain finance
Direct agribusiness lending
Microfinance program
Lending to financial institutions

 

ADB's long-term strategy

Continued long-term support (2023-2025) for new projects in agriculture, natural resources, and rural development

Photo: Asian Development Bank

Climate-smart agriculture

Step up support for climate-smart agriculture

Photo: Asian Development Bank

Digital technologies in agriculture

Digitize agriculture sector with custom interventions for developing member countries

Photo: Asian Development Bank

Nature-based solutions

Introduce innovative financing mechanisms to promote nature-based solutions, leading to better agri-food systems and balanced diets

 

Perspectives on food security