ADB loan for artisanal shrimp farming

Indonesia :In December 2022, the Asian Development Bank (ADB) announced that it has approved a USD $93 million loan as part of the

Infrastructure Improvement for Shrimp Aquaculture Project. Using the loan, the Ministry of Marine Affairs and Fisheries will introduce sustainable shrimp

aquaculture to boost the productivity, quality, profitability, and environmental sustainability of smallholders’ shrimp farming in the provinces of Bali, Banten,

Central Java, East Java, Lampung, Nangro Aceh Darusalam, and South Sulawesi. Concretely, the Project will improve smallholder farmers’ access to quality

inputs, production, and post-harvest practices and traceability through investments in climate adaptive infrastructure, capacity building, and

strengthening of value chains. It will also facilitate the transfer of knowledge in producing high-quality genetic shrimp fry to the Ministry of Marine Affairs and

Fisheries to reduce reliance on imported broodstock.

About 35 000 smallholder farmers, of whom about 7 000 are women, will benefit from improved access to quality inputs and capacity building programs on sustainable and climate adaptive aquaculture. The Project will also contribute to COVID-19 pandemic recovery by providing employment opportunities and promoting rural entrepreneurship.

Source: INFOFISH International Isue 1/2023