The Asian Development Bank (ADB) has approved the following technical assistance:

Description

The Pan-Beibu Gulf (PBG) economic cooperation was jointly launched by ADB, ASEAN and the People's Republic of China in 2006. This technical assistance will help establish a roadmap for economic cooperation that will allow the PBG initiative to define and position itself within the context of existing regional bodies; design a work plan for the next five years; and recommend measures to set up an institutional framework including sector committees, technical working groups and a secretariat.

Amount 

$900,000, including $500,000 equivalent grant by the People's Republic of China Regional Cooperation and Poverty Reduction Fund and $400,000 ADB grant.
 

 
This page was generated from http://www.adb.org/news/briefs/prc-support-pan-beibu-gulf-economic-cooperation on 30 August 2015