China Poverty Reduction and Regional Cooperation Fund finances the Mitigating the Impact of COVID-19 through Community-Led Interventions project through ADB
Commitment amount
$ 1116837.0023873989
Adjusted commitment amount
$ 1116837.0
Constant 2021 USD
Summary
Funding agency [Type]
People's Republic of China Poverty Reduction and Regional Cooperation Fund [State-owned Fund]
Recipient
Asia, regional
Sector
Emergency response (Code: 720)
Flow type
Free-standing technical assistance
Infrastructure
No
COVID
Yes
Category
Project lifecycle
Description
China Poverty Reduction and Regional Cooperation Fund provided $1 million USD for the Asian Development Bank's project on "Mitigating the Impact of COVID-19 through Community-Led Interventions." The project's goal is to support the implementation of measures to prepare for and respond to needs arising from the coronavirus disease (COVID-19) by civil society organizations (CSOs), including community-based organizations and nongovernment organizations (NGOs). The technical assistance will supports civil society organizations (CSOs) to provide services in three areas: (i) community-based mitigation and prevention activities; (ii) social protection for vulnerable communities, including elderly care; and (iii) economic support for those with livelihoods affected by COVID-19. Other financiers include the Japan Fund for Prosperous and Resilient Asia and the Pacific providing $ 2 million USD, the Republic of Korea e-Asia and Knowledge Partnership Fund providing $ 750,000 USD, and the Regional Cooperation and Integration Fund providing $730,000 USD.
Number of official sources
1
Number of total sources
1
Details
Cofinanced
No
Direct receiving agencies [Type]
Asian Development Bank [Intergovernmental Organization]
Implementing agencies [Type]
Association of Southeast Asian Nations (ASEAN) [Intergovernmental Organization]
Asian Development Bank [Intergovernmental Organization]