Skip to content
AidData logo

Overview

PRC Poverty Reduction and Regional Cooperation Fund provides $800,000 USD for ADB Green and Resilient Rural Recovery project

Commitments (Constant USD, 2023)$737,713
Commitment Year•2021Country of Activity•Asia, regionalSector•Agriculture, Forestry, FishingFlow Type•Grant

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 16, 2021

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 provides $800,000 USD for ADB Green and Resilient Rural Recovery project

Narrative

Full Description

Project narrative

Approved on December 16, 2021, the Asian Development Bank's project "Green and Resilient Rural Recovery through Agri-food System Transformation in Asia Pacific Region" was partially financed by the Chinese Poverty Reduction and Regional Cooperation Fund, which provided $800,000 USD. Other financiers were the Technical Assistance Special Fund with $1.5 million USD, the Regional Cooperation and Integration Fund with $500,000 USD, the Climate Change Fund with $750,000, and the Strategic Climate Fund $550,000 USD. The project's goals are to assess the impact of the coronavirus disease (COVID-19) on the region's food and nutrition security and rural livelihood and help developing member countries (DMCs) of the Asian Development Bank (ADB) reshape their visions and investments for a greener and resilient recovery of agri-food value chains and rural economies from disruptions caused by COVID-19. It intends to address the ways in which COVID-19 has exacerbated rural poverty and food and nutrition insecurity, particularly among women and vulnerable groups.