Original disclosure @ ADB website
Updated in EWS May 11, 2022
Disclosed by Bank Oct 28, 2021
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According to the bank's website, "the transaction involves an equity investment of up to IDR 140.59 billion (corresponding to up to $10,000,000 at the time of this approval) in PT Cisarua Mountain Dairy Tbk (CMD) for the Cimory Inclusive Dairy Value Chain Project in Indonesia".
"The equity investment will promote increased production of affordable nutritious dairy products, which will support the livelihoods of stakeholders across the dairy value chain including sourcing from about 4,200 additional dairy farmers and creating jobs for about 400 employees and 5,000 female sales agents. It will support rural livelihoods, sustain gender inclusion, and contribute to food security. It is fully aligned with the Government of Indonesia's goal of improved sustainability of farming, with a focus on achieving food sovereignty through food self-sufficiency, strengthened agricultural bio-industry systems, enhanced gender equality, and increased farmer welfare."
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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.