Rice is essential to food security in Asia, supplying over a quarter of the region’s calorie intake, and half in Southeast Asia The Asian Development Bank (ADB) and CGIAR, with support from the Gates Foundation, launched a new initiative to boost investments in sustainable and low-carbon rice production to improve the lives[Read More…]
Tag: ADB
ADB, Ulaanbaatar Flour partner to support wheat supply chain in Mongolia
The project will facilitate consistent wheat procurement and provide a stable buyer for 250 wheat farming enterprises, including smallholder and women-led farms The Asian Development Bank (ADB) and Ulaanbaatar Flour Limited Liability Company (UBF) signed a 3-year $10 million loan to support local wheat procurement to meet the increasing demand[Read More…]
Thai Union receives $150 Mn Blue Loan from ADB
Through the Blue Loan, Thai Union will expand sourcing of sustainable shrimp, shrimp certified under schemes recognised by the Global Sustainable Seafood Initiative (GSSI) Thai Union Group PCL, the world’s seafood leader, has secured a landmark $150 million Blue Loan from the Asian Development Bank (ADB), a first for the[Read More…]
ADB, ECOM sign $100 Mn loan to enhance coffee value chain in APAC
The agreement will benefit more than 62,000 smallholder farmers in India, Indonesia, Papua New Guinea (PNG), and Viet Nam The Asian Development Bank (ADB) has signed a $100 million loan agreement with ECOM Agroindustrial Corporation Limited and ECOM Agroindustrial Asia Private Limited (ECOM) to enhance the climate resilience of the[Read More…]
ADB, APU Dairy sign $20 Mn loan to strengthen Mongolia’s dairy sector
The project will boost Mongolia’s dairy supply and strengthen its food security through domestic milk sourcing and domestic processing of dairy products The Asian Development Bank (ADB) and APU Dairy LLC have signed a $20 million (equivalent in Mongolian togrog) loan to support nomadic herders by integrating them into the[Read More…]
ADB, Araz sign $10.5Mn deal to sustain food security in Azerbaijan
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…]
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…]
