The loan will enable Araz to expand its dry warehouse and open new stores in and around Baku, including in underserved areas The Asian Development Bank (ADB) and Araz Supermarket LLC, a member of the Veyseloglu group, have signed a financial package of up to $10.5 million to help the[Read More…]
Tag: ADB
ADB to help Maldives strengthen climate resilience, food security
The financing package comprises a $4 million concessional loan and a $17.95 million grant from the Asian Development Fund The Asian Development Bank (ADB) has approved a $21.95 million financing package to build Maldives’ capacity to combat the effects of climate change and ensure the sustainability of its food systems. [Read More…]
Investing in sustainable and resilient agrifood systems required for APAC: ADB
Identifying rural development and food security as an operational priority under ADB’s Strategy 2030 was appropriate given the needs of its developing member countries The Asian Development Bank (ADB) needs to prioritise building resilient and sustainable agrifood systems to achieve its objective of becoming a major contributor towards food security[Read More…]
ADB, City Group partner to build oilseed crushing plant in Bangladesh
The new plant will replace an older, less efficient facility The Asian Development Bank (ADB) and Rupshi Seed Crushing Limited, a member of the City Group, have signed a $10 million loan to construct a greenfield energy-efficient, multi-oilseed crushing plant within the City Economic Zone in the Narayanganj District, Bangladesh.[Read More…]
ADB, Credo sign deal to promote food security in Georgia
ADB’s financing will provide long-term local currency funding to support Credo The Asian Development Bank (ADB) and Credo Bank have signed a loan of 65 million lari ($25 million). The loan will support lending activities to micro, small, and medium-sized enterprises (MSMEs), with a specific focus on targeting women borrowers[Read More…]
ADB supports Lao’s response to food security challenges
ADB supported the Ministry of Agriculture and Forestry in raising $10 million in grant financing from the global agriculture and food security program The Asian Development Bank (ADB) signed a $10 million grant with the Government of the Lao People’s Democratic Republic (Lao PDR) to strengthen responses to food security[Read More…]
ADB approves loan to deliver drinking water supply in Bangladesh
ADB’s support will develop water treatment plants with a total capacity of 44 million litres per day The Asian Development Bank (ADB) has approved a $90 million loan to develop infrastructure and systems that will provide clean drinking water in Bandarban, Lama and Rangamati towns in the Chattogram Hill Tracts[Read More…]
