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Overview

PRC Poverty Reduction and Regional Cooperation Fund grants $1.3 million USD for 2011 Projects

Commitments (Constant USD, 2023)$1,477,446
Commitment Year•2011Country of Activity•Asia, regionalDirect Recipient Country of Incorporation•China (People's Republic of)Sector•Other MultisectorFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2011
End (actual)
Oct 28, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • China Ministry of Finance

Cofinancing agencies

Intergovernmental Organizations

  • Asian Development Bank (ADB)

Receiving agencies

State-owned Funds

  • People's Republic of China Poverty Reduction and Regional Cooperation Fund

Loan description

PRC Poverty Reduction and Regional Cooperation Fund grants $1.3 million USD for 2011 Projects

Narrative

Full Description

Project narrative

On 24 March 2005, the Chinese Government and Asian Development Bank (ADB) jointly established the People's Republic of China (PRC) Poverty Reduction and Regional Cooperation Fund. The China Ministry of Finance provided financing and ADB implemented the projects. The purpose of this special fund is to support the process of poverty reduction, regional cooperation and knowledge sharing for ADB developing member countries (DMCs) in the Asia-Pacific as well as Greater Mekong Subregion (GMS) and Central Asia Regional Economic Cooperation (CAREC) countries. According to a 2019 Annual Report (p. 33), on 15 April 2011, the Chinese Ministry of Finance approved $500,000 USD from this special fund for one Batch 1 project: 1) $500,000 USD for the "Regional Program for Research and Capacity Development on Water Security." Closed 20 January 2016. According to a 2019 Annual Report (p. 33), on 20 November 2012, the Chinese Ministry of Finance approved $800,000 USD from this special fund for two different Batch 2 projects: 1) $400,000 USD for the "Poverty Reduction and Inclusive Growth Network in Asia Pacific (supplementary)." Closed 28 October 2016. 2) $400,000 USD for the "Support for Pan–Beibu Gulf Economic Cooperation." Closed 31 March 2016.

Staff comments

Also called the PRC Fund or 中华人民共和国减贫与区域合作基金. Not marked as umbrella and did not separate batches 1 and 2 because the risk of duplication is very low.