PRC Poverty Reduction and Regional Cooperation Fund grants $2 million USD for 2009 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. 32-33), on 31 May 2009, the Chinese Ministry of Finance approved $1 million USD from this special fund for two different Batch 1 projects: 1) $500,000 USD for "Central Asia Regional Economic Cooperation: Working with the Private Sector in Trade Facilitation." Closed 31 December 2015. 2) $500,000 USD for "Asia Pacific Procurement Partnership Initiative." Closed 25 July 2017. According to a 2019 Annual Report (p. 33), on 9 December 2009, the Chinese Ministry of Finance approved $1 million USD from this special fund for two different Batch 2 projects: 1) $500,000 USD for "Strengthening Central Asia Regional Economic Cooperation, 2007–2011 (supplementary)." Closed 31 August 2013. 2) $500,000 USD for "GMS Phnom Penh Plan (PPP) for Development Management, Phase IV (supplementary)." Closed31 July 2013.