ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
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.
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
Digital technologies in agriculture
Digitize agriculture sector with custom interventions for developing member countries
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
-
Without progress on climate and biodiversity, there will be no progress on food security. To address these interlinked challenges, we need an unprecedented level of cooperation.
-
The global food crisis is causing widespread hunger and poverty and requires an urgent, collective response.
-
The escalating loss of biodiversity in Asia and the Pacific is expected to have a devastating effect on economies that rely on natural capital, risking as much as $19 trillion, or 63% of the region’s GDP.
-
Since the start of the COVID-19 pandemic in early 2020, food prices have risen consistently due to supply chain disruptions, rising shipping costs, and bad weather.