Poverty Reduction Cooperation Fund

Cooperation Fund in Support of the Formulation and Implementation of National Poverty Reduction Strategies
(NPRS)

Poverty Reduction Cooperation Fund
(PRF)

Objectives

• Help DMCs formulate, prioritize, implement, monitor, and reformulate national poverty reduction strategies and strengthen ADB’s roles in this process

• Assist in policy dialogue on poverty reduction
• Develop new programs/projects
• Pilot new approaches to influence project designs
• Monitor and assess poverty reduction impact
• Involve broader stakeholders
• Strengthen ADB’s roles in the region

Eligibility Criteria

• Direct link with national poverty reduction strategies and related policies/strategies
• Additionality
• Systemic impacts

• Strong poverty focus
• Influencing future ADB operations
• Link with NPRS and other relevant policies
• ‘Conceptual’ alignment with CSPs
• Additionality
• Country focus
• Maximum use of local expertise and civil society participation
• Coordination with other development partners

Scope

• All DMCs
• Country-based policy/strategy support
• Regional training
• Participatory activities
• Up to $1 million

• Class A and B countries except India and Indonesia
• PRC has earmarked funding
• TAs, action research, RM support, training, participatory workshops, pilot investment
• Up to $1 million

Available Funds

• €6.8 million (about $7.08 million: November 2001 - December 2007)
• As of 30 September 2005, fully-committed

• ₤39 million (about $52 million: July 2002 - December 2007: ₤30 million to the PRF regional window and ₤9 million to PRC)
• As of 15 November 2005, fully-committed.

Approval Process

• Peer review
• Semi-annual strategy meeting (endorse funding)
• ADB TA processing

• Peer review
• Semi-annual strategy meeting (endorse funding)
• ADB TA processing

Reporting

• Annual report (available for the Board)
• Semi-annual Progress Update
• Quarterly Financial Reports
• Annual Work Progress

• Annual Report (available for the Board)
• External Audit Report (as required by DfID)
• External Impact Evaluation (September 2005)
• Quarterly Financial Reports
• Annual Work Programs