Project ID: 87044

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

Commitment amount

$ 1392726.9357962403

Adjusted commitment amount

$ 1392726.94

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Finance [Government Agency]

Recipient

Asia, regional

Sector

Other multisector (Code: 430)

Flow type

Grant

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-05-06

Actual complete

2018-04-30

Description

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.

Additional details

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.

Number of official sources

2

Number of total sources

2

Download the dataset

Details

Cofinanced

Yes

Cofinancing agencies [Type]

Asian Development Bank [Intergovernmental Organization]

Direct receiving agencies [Type]

People's Republic of China Poverty Reduction and Regional Cooperation Fund [State-owned Fund]

Implementing agencies [Type]

Asian Development Bank [Intergovernmental Organization]