ADB Grant Promotes Sustainable, Climate-Smart Agribusiness in Lao PDR

2 years ago tajikistannewsgazette.com Comments Off on ADB Grant Promotes Sustainable, Climate-Smart Agribusiness in Lao PDR

The Asian Development Bank's (ADB) Board of Directors has approved a $40.5 million grant to help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the Lao People's Democratic Republic (Lao PDR).

Agriculture remains a significant portion of the economy of Lao PDR, but the sector's vulnerability to climate change puts the country's development prospects and food security at risk, said ADB Principal Climate Change Specialist for Southeast Asia Mr. Srinivasan Ancha. ADB's support will help make the Lao PDR's agriculture sector more commercialized, sustainable, and climate-resilient, improving the country's growth prospects.

Lao PDR's economy predominantly depends on agriculture, which employs about 65% of the country's workforce. But agriculture's contribution to the country's gross domestic product has declined, from 32.7% in 2010 to 19.8% in 2016. The sector is threatened by increasing floods and droughts brought on by climate change, as temperatures in Lao PDR are expected to increase by 2C�3C and the amount of rainfall likely to grow by 10%�30% by 2050.

The Climate-Friendly Agribusiness Value Chains Sector Project will help improve the climate resilience of infrastructure for the agribusiness value chains. This includes the rehabilitation of rural roads and small-scale irrigation infrastructure; the enhancement of crop research facilities and safety- and quality-testing infrastructure; and the improvement of climate-friendly post-harvest infrastructure by Laotian agribusiness enterprises.

The project will help Lao PDR improve crop productivity, diversify agricultural products, and enhance climate resilience by improving storage and processing facilities, promoting the use of biofertilizers and organic farming, and disseminating crop varieties that are flood- and drought-tolerant.

The project is in line with the government's Agriculture Development Strategy to 2025, as it will boost the competitiveness of rice value chains in Khanmouane, Saravan, and Savannakhet provinces, and vegetable value chains in Vientiane, Champasak, and Sekong. This will help the government reach its goal of producing 4.7 million tons of agricultural crops and 2 million tons of quality rice for domestic and export markets.

ADB's support, which will come from the Asian Development Fund, will help create an enabling environment for climate-friendly agribusinesses to promote sustainability along the sector's value chains. The project is expected to benefit at least 100,000 people from 20,000 households in Lao PDR, increasing their income by at least 30%, and promote regional cooperation and integration in the Greater Mekong Subregion through harmonization of quality and safety standards and support to regional seed-trading agreements.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members�48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.

Source: Asian Development Bank

Related Posts

Outcomes CICA Summit in Dushanbe Discussed in the OSCE Headquarters

tajikistannewsgazette.com 2 years ago
Yesterday in Vienna, the Tajik Chairmanship of the OSCE Forum for Security Cooperation (FSC) convened a plenary meeting dedicated to the confidence and security building measures in Central Asia... Read More

Tajik Officers Detained For Allegedly Blackmailing Gay Man

tajikistannewsgazette.com 3 years ago
DUSHANBE -- Three police officers in Tajikistan have been detained for allegedly blackmailing a gay man in order to extort money from him.Officials at the Anticorruption Agency told RFE/RL... Read More

Participation in the festive meeting on the occasion of Mother’s Day

tajikistannewsgazette.com 4 years ago
Today, in Kokhi Borbad, the Founder of Peace and National Unity - Leader of the Nation, President of the Republic of Tajikistan Emomali Rahmon held a sincere meeting with... Read More

What for Kulob mayor arrested?

Web Desk 8 months ago
Recall, Tajikistan’s State Committee for National Security (SCNS) said that Inoyatzoda was arrested on June 8, while his personal driver Khursandali Khurramov and the head of his reception office,... Read More

ADB Grant Promotes Sustainable, Climate-Smart Agribusiness in Lao PDR

2 years ago tajikistannewsgazette.com Comments Off on ADB Grant Promotes Sustainable, Climate-Smart Agribusiness in Lao PDR

The Asian Development Bank's (ADB) Board of Directors has approved a $40.5 million grant to help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the Lao People's Democratic Republic (Lao PDR).

Agriculture remains a significant portion of the economy of Lao PDR, but the sector's vulnerability to climate change puts the country's development prospects and food security at risk, said ADB Principal Climate Change Specialist for Southeast Asia Mr. Srinivasan Ancha. ADB's support will help make the Lao PDR's agriculture sector more commercialized, sustainable, and climate-resilient, improving the country's growth prospects.

Lao PDR's economy predominantly depends on agriculture, which employs about 65% of the country's workforce. But agriculture's contribution to the country's gross domestic product has declined, from 32.7% in 2010 to 19.8% in 2016. The sector is threatened by increasing floods and droughts brought on by climate change, as temperatures in Lao PDR are expected to increase by 2C�3C and the amount of rainfall likely to grow by 10%�30% by 2050.

The Climate-Friendly Agribusiness Value Chains Sector Project will help improve the climate resilience of infrastructure for the agribusiness value chains. This includes the rehabilitation of rural roads and small-scale irrigation infrastructure; the enhancement of crop research facilities and safety- and quality-testing infrastructure; and the improvement of climate-friendly post-harvest infrastructure by Laotian agribusiness enterprises.

The project will help Lao PDR improve crop productivity, diversify agricultural products, and enhance climate resilience by improving storage and processing facilities, promoting the use of biofertilizers and organic farming, and disseminating crop varieties that are flood- and drought-tolerant.

The project is in line with the government's Agriculture Development Strategy to 2025, as it will boost the competitiveness of rice value chains in Khanmouane, Saravan, and Savannakhet provinces, and vegetable value chains in Vientiane, Champasak, and Sekong. This will help the government reach its goal of producing 4.7 million tons of agricultural crops and 2 million tons of quality rice for domestic and export markets.

ADB's support, which will come from the Asian Development Fund, will help create an enabling environment for climate-friendly agribusinesses to promote sustainability along the sector's value chains. The project is expected to benefit at least 100,000 people from 20,000 households in Lao PDR, increasing their income by at least 30%, and promote regional cooperation and integration in the Greater Mekong Subregion through harmonization of quality and safety standards and support to regional seed-trading agreements.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members�48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.

Source: Asian Development Bank

Related Posts

Results of the auction

tajikistannewsgazette.com 1 year ago
he securities auction of the National Bank of Tajikistan on issue K192014108 was held on September 25, 2019 and its results as following:Volume of issuance (TJS) 100 000 000,00Yield... Read More

Italian Researchers Develop Lighter, Cheaper Robotic Hand

tajikistannewsgazette.com 3 years ago
ROME Italian researchers on Thursday unveiled a new robotic hand they say allows users to grip objects more naturally and featuring a design that will lower the price significantly.The... Read More

Speaker Rustam Emomali Receives Delegation of CIS Interparliamentary Assembly Mission

Web Desk 4 months ago
DUSHANBE, Today, the Speaker of the National Assemnly of Tajikistan Rustam Emomali received international observers of the CIS Interparliamentary Assembly mission headed by the Chair of the Federation Council Committee... Read More

Two Tajik pilots killed in air crash in South Sudan

Web Desk 5 months ago
According to the Tajik MFA information department, two Tajik pilots – Parviz Qodirov and Mirsulton Mirahmadov – were killed in that air crash in South Sudan.   Mirsulton Mirahmadov... Read More