The Asian Development Bank (ADB) has signed an equity investment of $15 million in DALI Hard Discount to expand its network of retail stores and distribution centers and cold chain infrastructure in the Philippines, creating at least 4,300 new jobs, nearly half of them for women.

“Almost half of households in the Philippines are moderately or severely food insecure, and rising inflation is making it more expensive for them to purchase essential household products,” said ADB Director General for Private Sector Operations Suzanne Gaboury. “ADB’s support for DALI’s expansion will contribute to food security and food safety by ensuring essential products are available to consumers at affordable prices, in a hygienic environment, and by integrating local agricultural suppliers into the company’s supply chains.”