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
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.
The Working Group on Agriculture (WGA) has been working toward the implementation of priority projects under the Core Agriculture Support Program.
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.
Related
• Strategy for Promoting Safe and Environment-Friendly Agro-Based Value Chains and Siem Reap Action Plan, 2018-2022
• Core Agriculture Support Program Phase II (2011-2015)
• Core Agriculture Support Program Phase I (2006-2010)
• Working Group on Agriculture (WGA)
Focal Persons at the Asian Development Bank
- Srinivasan Ancha
Environment, Natural Resources and Agriculture Division,
Southeast Asia Department - Pavit Ramachandran
Environment, Natural Resources and Agriculture Division,
East Asia Department
Other Concerned Staff & Consultants
- Rhodora Concepcion
Thailand Resident Mission,
Southeast Asia Department - Flordeliza Melendez
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department/GMS Secretariat
Send inquiries to GMS Secretariat.
The Asian Development Bank (ADB) has secured funding from the Green Climate Fund (GCF) for its climate change project in Cambodia.
A $10 million climate insurance program targets women farmers in Africa and Asia, including Cambodia and Myanmar.
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.

Lao PDR Deputy Minister of Finance Thipphakone Chanthavongsa (seated, right) and ADB Country Director for the Lao PDR (seated, left) Yasushi Negishi signed the additional grant agreement in Vientiane. Deputy Minister of Agriculture and Forestry Phouangparisak Pravongviengkham (standing, second from right) also attended the signing ceremony.
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.

Rural communities in the Greater Mekong Subregion are vulnerable to climate-related disasters, such as floods, droughts, and storms. Risk financing can help people protect their livelihood and productive assets better through a combination of risk retention, risk sharing, and risk transfer mechanisms. Photo: ADB.
Risk financing can help at-risk communities better cope with the economic costs of natural disasters and extreme weather.
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.
SIEM REAP, CAMBODIA (8 September 2017) — Agriculture ministers in the Greater Mekong Subregion today endorsed a 5-year strategy and action plan to build a region-wide food safety system.