ADB to devote $14B to help ease food crisis in Asia-Pacific

By The Associated Press

MANILA, Philippines (AP) — 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. 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. It also aims to improve long-term food security by strengthening farming and food supplies to cope with climate change and loss of biodiversity. The ADB said the funds will go to both existing and new projects spanning farming, food production and distribution, water resources management and social supports.