Promoting Foreign Investment to Support Agricultural Modernization (ADB-47072-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 28, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of People's Republic of China, Ministry of Agriculture
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 19, 2017

Disclosed by Bank Mar 28, 2017


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Project Description
The TA is included in the country operations business plan, 2014–2016 for the PRC. The TA will support a comprehensive review of policies and international experiences with foreign investment of both capital and technology in agriculture, conduct an in-depth analysis of the practices of foreign agricultural projects in the PRC, and carry out an assessment of the gaps between the foreign and domestic agricultural enterprises in terms of operation, management, and technology development. The TA will contribute to the PRC’s agenda of inclusive growth and private sector development, the importance of which is well recognized in ADB’s country partnership strategy for the PRC. The project impact will be the modernization of the agricultural sector of the PRC. According to ADB documents, the safeguard categorization is not applicable.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Robertson, Suzanne Kay East Asia Department No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main