Project ID: 95426

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

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2020-11-16

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

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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]