Singapore-based agribusiness group Olam International has secured $163 million in financing from the Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA), including $80 million in loans for its coffee subsidiary in Viet Nam.
Agriculture is the backbone of the Greater Mekong Subregion’s economies. With over 60% of the subregion’s 340 million inhabitants engaged in small-scale agriculture, it directly supports the livelihoods of nearly 200 million people.
While agriculture is the cornerstone of many families’ livelihoods, it is also exacting a toll on the environment, contributing to forest and biodiversity loss, water pollution and shortages, soil degradation, and greenhouse gas emissions.
People and governments in the Greater Mekong Subregion are working to develop agricultural practices that simultaneously conserve land and water resources, while at the same time increasing the productivity and profitability of agriculture, particularly for small-scale farmers.
Countries are pooling resources and expertise to increase the competitiveness of their agricultural products and encourage investment in agribusiness, while at the same time conserving the environment and natural resources. This involves research and technology that emphasizes climate-friendly agricultural development, including participation by the private sector with a focus on food security. This work is being guided by the Core Agriculture Support Program Phase II (CASP II) 2011-2020, supported by the Government of Sweden (Sida), Nordic Development Fund, Water Financing Partnership Facility, and Asian Development Bank.
At the 2nd GMS Agriculture Ministers' Meeting in Siem Reap, Cambodia on 6-8 September 2017, the ministers endorsed a strategy to promote safe and environment-friendly agriculture products, and a plan to strengthen value chain integration, involving smallholder farmers, rural women, as well as small and medium-sized agro-enterprises.
The Asian Development Bank (ADB) has secured funding from the Green Climate Fund (GCF) for its climate change project in Cambodia.
The Siem Reap Action Plan will pave the way for the Greater Mekong Subregion to become a regional and global hub for good, sustainably produced food.
This publication summarizes the results of a pilot study to quantify water and energy use in high-effciency irrigation systems in Viet Nam.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (20 November 2017) —The Asian Development Bank and the Government of the Lao People’s Democratic Republic signed an agreement on 13 November for a $10 million grant as additional financing for a project that will enhance sanitary and phytosanitary capacity and improve food safety as well as plant and animal safety in the country.
The 14th Annual Meeting of the Greater Mekong Subregion Working Group on Agriculture was held on 13-14 July 2017 in Siem Reap, Cambodia.
HA NOI, VIET NAM (20 September 2017) — Ministers from the six member countries of the Greater Mekong Subregion today endorsed a five-year action plan framework that includes $64 billion in projects to help the subregion achieve inclusive growth and sustainable development.
The Second GMS Agriculture Ministers’ Meeting has endorsed a strategy to promote safe and environment-friendly agriculture products, and a plan to strengthen value chain integration involving smallholder farmers, rural women, as well as small and medium-sized agro-enterprises.