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Overview

China Poverty Reduction and Regional Cooperation Fund finances the Mitigating the Impact of COVID-19 through Community-Led Interventions project through ADB

Commitments (Constant USD, 2023)$1,031,734
Commitment Year•2020Country of Activity•Asia, regionalDirect Recipient Country of Incorporation•PhilippinesSector•Emergency ResponseFlow Type•Free-standing technical assistance

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 16, 2020

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Funds

  • People's Republic of China Poverty Reduction and Regional Cooperation Fund

Receiving agencies

Intergovernmental Organizations

  • Asian Development Bank (ADB)

Implementing agencies

Intergovernmental Organizations

  • Asian Development Bank (ADB)
  • Association of Southeast Asian Nations (ASEAN)

Loan description

China Poverty Reduction and Regional Cooperation Fund finances the Mitigating the Impact of COVID-19 through Community-Led Interventions project through ADB

Narrative

Full Description

Project narrative

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.