The RCIFPF was established in February 2007 with the aim to channel additional financing and knowledge resources from development partners in support of ADB’s regional cooperation and integration (RCI) program. The RCIFPF is designed to support untied grants for technical assistance (TA), including advisory, project preparatory, and regional TA. Two funds have been set up under the "umbrella" of the RCIFPF: (i) the multi-donor Regional Cooperation and Integration Fund; and (ii) the Investment Climate Facilitation Fund.
The RCIFPF's main objective is to enhance RCI in Asia and the Pacific by facilitating the pooling and provision of additional financial and knowledge resources to support RCI activities. Under the RCIFPF, the Multi-Donor Regional Cooperation and Integration Fund focuses on physical connectivity, cross-border infrastructure and regional public goods, whereas the Investment Climate Facilitation Fund focuses on financial integration.
Under this FPF, ADB has established multi-donor and single-donor funds that offer the following modalities:
All ADB DMCs are eligible to receive support from this FPF.
ADB currently supports the Regional Cooperation and Integration Fund. Japan supports the Investment Climate Facilitation Fund.