MILAN, Italy, May 4. / Kabar/. We are 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, Asian Development Bank President Masato Kanda told during the press conference at the 58th Annual Meeting in Milan, Italy.
“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.
The 58th ADB Annual Meeting of the Board of Governors is being held in Milan.
The Annual Meeting of the ADB Board of Governors is an opportunity to provide guidance on ADB administrative, financial, and operational directions. The meetings provide opportunities for member governments to interact with ADB staff, nongovernment organizations (NGOs), media, and representatives of observer countries, international organizations, academe, and the private sector. The ADB annual meetings have become a premier forum for the discussion of economic and social development issues in Asia and the Pacific.
Annual meetings are held in a member country in late April or early May.
The Asian Development Bank has 69 members, including 49 regional members from Asia and the Pacific, such as India, China, Japan, South Korea, Australia and many others, and 20 non-regional members from Europe, North America, and other regions.