Financing Agrochemical Reduction and Management in Agri-Food Value Chains (ADB-51295-003)

Countries
  • Vietnam
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 10, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Vietnam - Ministry of Agriculture and Rural Development
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 7.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 8.05 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 12, 2024

Disclosed by Bank Jul 10, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the technical assistance (TA) will support the Government of Viet Nam in green financing for agrochemical reduction and management in the agri-food value chains in five selected provinces in Viet Nam through (i) strengthening policy and regulatory coherence and capacity to manage and finance agrochemical reduction; (ii) enabling and catalyzing finance and investments for improved agrochemical reduction and agricultural plastics management; and (iii) enhancing agricultural management, monitoring systems, capacity and knowledge in agrochemicals management and natural capital accounting and assessment.

The TA outputs are (i) Output 1: Policy and regulatory coherence and capacity to manage and finance agrochemicals reduction strengthened; (ii) Output 2: Agrochemical reduction and agricultural plastics management improved through enabling and catalyzing finance and investments; and (iii) Output 3: Agricultural management and monitoring system and capacity and knowledge in agrochemical management and natural capital accounting and assessment enhanced.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The TA financing amount is $7,500,000 which will be financed on a grant basis by the Global Environment Facility (GEF); and partially administered by ADB.

The government will provide counterpart support to complement the TA activities. The support will include a cash contribution equivalent to $550,000 and in-kind contribution equivalent to $150,000, which will include counterpart staff, office facilities and meeting rooms, provision of available government data sets and reports for the TA consultants’ use, and access to forums and/or networks, and other contributions.


Contact Information
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No contacts available at the time of disclosure.

ACCESS TO INFORMATION

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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.

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