Shorouk Express
MILAN, Italy, May 4. The Asian Development Bank
(ADB) is launching a $150 million Natural Capital Fund, backed by
the Global Environment Facility and with expected support from
others, to drive investments that protect and restore nature as a
foundation for food security, said the ADB President Masato Kanda
during the 58th Annual Meeting in Milan, Italy, Trend reports.
“This food systems initiative is not only a response to
immediate needs. It is ADB’s long-term investment in a more
resilient, inclusive, and sustainable future. Together with our
partners, we are building food systems that feed people, sustain
livelihoods, and protect our planet,” he said.
Kanda also shared some reflections on the current situation
facing Asia and the Pacific.
“The regional economy is coming from a position of strength, but
there is a lot of uncertainty ahead. This means we cannot be
complacent. In these challenging times, ADB remains a steadfast
partner. As President, I am committed to supporting our members in
building resilience against economic shocks, fostering sustainable
growth, creating jobs, and improving lives of the poor and most
vulnerable.
In the midst of these challenges, reforms must continue to
ensure long-term growth and stability. Countries must pursue two
key strategies. First is to implement sound economic policies to
safeguard stability and sustain investment flows. Second is to
enhance regional connectivity to strengthen the region’s collective
resilience,” he added.
