Greater Mekong Subregion Core Agricultural Support Program (GMS CASP)

Author :

Varanga de Silva

The GMS CASP regional initiative aims at strengthening food and energy security while addressing climate change, human and institutional capacity, cross border trade, increasing access and connectivity to national, regional and international markets and developing rural renewable energy projects. GBPG’s expert was retained by the Asian Development Bank to evaluate the existing financing architecture with regard to cross border trade, regional connectivity and market development in the agriculture, environment, and energy sectors and assess financing options, instruments and modalities, to scale public and private investments to close the financing gap. A value chain based integrated approach was developed focusing on de-risking mechanisms and viable green investment opportunities to catalyze private sector engagement. This entailed a strategic framework to establish Agribusiness Development Centres and recommendations on financing initiatives to support small farm holders’ adoption of climate friendly and sustainable agriculture practices for crop improvement and higher yields (small-medium investments). Innovative strategies were proposed to increase subregional agricultural competitiveness and agribusiness investment through modernized trading systems that provide connectivity to regional and global markets through regional economic corridors thus enhancing regional cooperation and connectivity.