In this landlocked country of 3.4 million people, 42% of households with people with disabilities live in poverty, compared with 18% of households with persons without disabilities.
The Asian Development Bank (ADB), Ulaanbaatar Flour (UBF), Tavan Bogd Foods (TBF), and Tavan Bogd Foods Pizza (TBF Pizza) today signed an $18 million loan to support food security and job creation in Mongolia.
The COVID-19 pandemic has strained global food systems and processes, affecting both food supply and demand. Widespread quarantine and lockdowns have led to the closure of businesses and factories, disrupting manufacturing and supply chains and affecting agribusinesses and food systems as a whole.
The food and agribusiness sector are considered essential services by most governments. However, the impact of COVID-19 on the region’s food security still needs sustainable solutions from companies working in agribusiness. ADB is helping its developing members to build resilient agribusiness sector through its work with the private sector.
Improving liquidity of agribusinesses
The disruption caused by the pandemic has caused financial stresses and many agribusinesses have subsequently faced liquidity problems. Companies struggled with late payments from customers who have also been affected by the pandemic. Others struggled with an increase in inventory caused by supply chain disrupti