Cooperation with the DFID (UK) Poverty Reduction Cooperation Fund
The Poverty Reduction Cooperation Fund (PRF) is a £39 million grant facility for poor ADB member countries from the Government of the United Kingdom and Northern Ireland.
The PRF will augment ADB’s efforts for poverty reduction and
- assist in policy dialogue and strategy formulation on poverty reduction
- develop new programs and projects with increased focus on poverty reduction
- monitor and assess the poverty reduction impact at the project, meso-, and macro-levels
- launch pilot poverty reduction activities to influence future loan design
- involve broader stakeholder consultations at all stages of design and implementation
- strengthen ADB’s role as the regional development bank for Asia and the Pacific to promote poverty reduction
- perform other activities as mutually agreed upon between DFID and ADB
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