ADB provides $14 billion support for food security in Asia Pacific

ADB provides $14 billion support for food security in Asia Pacific: The Asian Development Bank (ADB) has announced plans to provide at least $14 billion to Asia-Pacific for 2022–2025.

September 2022 Current Affairs Quiz

Reason: To ease a worsening food crisis and improve long-term food security by strengthening food systems due to climate change.

Use of fund: The funding will be channeled through existing and new projects in sectors including farm inputs, food production and distribution, social protection, irrigation, and water resources management.