ADB to devote $14B to help ease food crisis in Asia-Pacific
The Asian Development Bank says it is devoting at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific
By The Associated Press
Published - Sep 27, 2022, 04:30 AM ET
Last Updated - Jun 24, 2023, 06:56 AM EDT
MANILA, Philippines (AP) — The Asian Development Bank said Tuesday it will devote at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific.
The development lender said it plans a comprehensive program of support to help the 1.1 billion people in the region who lack healthy diets due to poverty and soaring food prices.
The Manila, Philippines-based ADB made the announcement during its annual meeting.
“This is a timely and urgently needed response to a crisis that is leaving too many poor families in Asia hungry and in deeper poverty,” ADB President Masatsugu Asakawa said.
