ADB readies $14-B regional food crisis fund

Funding for a project in the Philippines might be first on the table as the Asian Development Bank announced a $14-billion support kitty over a four-year period up to 2025, intended to bolster food security across developing economies in Asia.

ADB president Masatsugu Asakawa on Tuesday announced plans to “ease a worsening food crisis in Asia and the Pacific” and improve long-term food security by strengthening food systems against the impacts of climate change and biodiversity loss.

Asakawa said ADB support would be targeted, integrated and impactful to help vulnerable people, particularly vulnerable women, in the near-term, while bolstering food systems to reduce the impact of…

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