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Overview

PRC Poverty Reduction and Regional Cooperation Fund grants $1 million USD for 2010 Projects

Commitments (Constant USD, 2023)$1,286,138
Commitment Year•2010Country 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
May 6, 2010
End (actual)
Apr 30, 2018

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

Implementing agencies

Intergovernmental Organizations

  • Asian Development Bank (ADB)

Loan description

PRC Poverty Reduction and Regional Cooperation Fund grants $1 million USD for 2010 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 6 May 2010, the Chinese Ministry of Finance approved $1 million USD from this special fund for two different projects: 1) $500,000 USD for "Supporting the Boao Forum for Asia in Regional Economic Integration and Partnership Dialogues." Closed 30 October 2015. 2) $500,000 USD for "Strengthening the Coordination of the GMS Program." Closed 30 April 2018.

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 because the risk of duplication is very low.