PRC Poverty Reduction and Regional Cooperation Fund grants $4.1 million USD for 2005 Projects

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. 30), on 3 June 2005, the Chinese Ministry of Finance approved $2.3 million USD from this special fund for six different Batch 1 projects: 1) $400,000 USD for "Support to Trade Facilitation and Capacity Building in the GMS." Closed 31 December 2010. 2) $400,000 USD for "Development Study of the GMS Economic Corridors." Closed 14 November 2012. 3) $400,000 USD for "Implementation of the Greater Mekong Subregion Cross-Border Transport Agreement." Closed 28 April 2012. 4) $200,000 USD for "Enhancing the Business Environment in the GMS." Closed 28 November 2008. 5) $500,000 USD for "Greater Mekong Subregion Phnom Penh Plan for Development Management Phase II (supplementary)." Closed 30 April 2009. 6) $400,000 USD for "Capacity Building for Regional Cooperation in Central Asia." Closed in 28 February 2009. According to a 2019 Annual Report (p. 30), on 22 December 2005, the Chinese Ministry of Finance approved $1.8 million USD from this special fund for five different Batch 2 projects: 1) $400,000 USD for "Partnership on Persistent Organic Pollutants Pesticides Management for Agricultural Production in Central Asian Countries." Closed 16 October 2008. 2) $500,000 USD for "Technical Training and Capacity Building for Selected ASEAN+3 Countries on Regional Economic and Financial Monitoring." Closed 31 March 2011. 3) $400,000 USD for "Strengthening Carbon Financing for Regional Grassland Management in Northeast Asia." Closed 30 September 2014. 4) $250,000 USD for "Expansion of Subregional Cooperation in Agriculture in the Greater Mekong Subregion." Closed 12 October 2010. 5) $250,000 USD for "Support to Trade Facilitation and Capacity Building in the GMS." Closed 31 December 2010.