People's Republic of China Poverty Reduction and Regional Cooperation Fund (PRCF)

Climate Objective
Adaptation
Sectors and Themes
Agriculture
Cities
Energy
Industry and Infrastructure
Rural Development
Transport
Water
Type of Support Provider
Multilateral
Type of Recipient
Public entity at the national level
Fund Size

$90 million

Co-financing Requirement
No
Application Timeframe

Funding proposals are processed in batches every year. Duration of approval process varies according to transaction processing timelines by the trust fund team and by the project team. Contact ADB for more information.

Trustee or Administrator
Asian Development Bank (ADB)
Contact Information

Fund Focal: jing Fu - jfu[at]adb.org

Fund Team: Jessel Crispino - jcrispino.consultant[at]adb.org

Region
East Asia and Pacific
Europe and Central Asia
South Asia

The fund supports poverty reduction, regional cooperation and integration (RCI), and knowledge sharing through technical assistance projects and grants that explore and benefit from synergies among the Belt and Road Initiative, Central Asia Regional Economic Cooperation, the Greater Mekong Subregion programs, and other RCI initiatives.

Support Provider

People's Republic of China

Purpose of Support
Prepare Proposals, Projects and Pipelines
Project and program implementation
Funding Type
Grants
In-kind contributions
Monitoring and Reporting Procedures

Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.

Organizational and Decision Making Structure

The Government of the People's Republic of China reviews applications from ADB and approve the PRCF grant and TA amount for each application. 

Eligibility Criteria

The fund will support the following types of activities:

- transaction technical assistance, particularly project preparation support;
- institutional and capacity building for DMCs;
- innovative and demonstrative programs and projects;
- knowledge sharing including knowledge products, and human resources development; 
- South-south knowledge exchange and dissemination activities around key development topics in which the PRC and other DMCs have significant development experience; and/or emerging needs; and
- grants contributing to regional connectivity.

Eligible Countries

All ADB developing member countries
 

Information on how to

Contact ADB for more information.