FILE PHOTO: Customers watch as a vendor sells food during the Lao Food Festival in Vientiane, Laos on Jan 23, 2024. The ADB project will focus on high-value commodities including bamboo, coffee, durian, sustainable cassava and tea. - Xinhua
VIENTIANE: The Asian Development Bank (ADB) has approved a US$65.8 million financing package to support the government’s efforts to modernise and strengthen agrifood systems, improve rural livelihoods and build climate resilience across Laos.
The funding for the Sustainable Agrifood Systems Sector Project aims to improve climate resilience, food security, nutrition and incomes of vulnerable households and communities. It will also increase the competitiveness of Lao agriculture in both domestic and export markets, the bank said on its website on July 7.
