The People's Republic of China (PRC) Regional Cooperation and Poverty Reduction Fund was established in 25 March 2005 to support the process of poverty reduction, regional cooperation and knowledge sharing for ADB developing member countries (DMCs) in Asia and the Pacific.
The objective of the Fund is to contribute to poverty reduction and economic and social development in DMCs in an accelerated manner and with tangible results. The key outputs of the Fund are:
The Fund will support the following types of activities:
The Fund will finance TA operations and any other activities which may be agreed upon between the PRC and ADB.
All ADB DMCs will be eligible for support. For the regional cooperation component, priority will be given to the Greater Mekong Subregion (GMS) and Central Asia Regional Economic Cooperation (CAREC).
The People's Republic of China supports this fund.