Poverty and Environment Fund

Institutional Document | June 2003

The Poverty and Environment Fund (PEF) is a multi-donor umbrella facility that will promote the mainstreaming of environment objectives in ADB operations and DMC poverty reduction strategies, plans, programs, and projects. This document provides the rationale, objectives, and arrangements related to the PEF.

In line with its Poverty Reduction Strategy and Environment Policy, ADB will assist DMCs to pursue projects and programs for environmental and natural resource management to improve poor people’s livelihoods, health, productivity, and resilience to natural disasters. This process can be strengthened by structured efforts to identify, pilot-test, and demonstrate potentially replicable approaches to solving environmental problems facing the poor. Such identification and demonstration of promising approaches, and the learning of associated lessons (i) is expected to accelerate the mainstreaming of environment within ADB’s operations, within the activities of other funding agencies, and ultimately within DMC policies and plans; and (ii) may stimulate mobilization of additional domestic and external resources, especially in areas where the perceived willingness and ability to pay for environmental improvement is currently inadequate. In the follow-up to the World Summit on Sustainable Development, several donors have expressed interest in working with ADB to purposefully address poverty-environment linkages in Asia and the Pacific. The establishment of a Poverty and Environment Fund (PEF) will provide a dedicated source of grant financing for this collaborative purpose.

The PEF is a multi-donor umbrella facility that will promote the mainstreaming of environment objectives in ADB operations and DMC poverty reduction strategies, plans, programs, and projects. This document provides the rationale, objectives, and arrangements related to the fund.

Contents 

  • Introduction
  • Environment Policy of the Asian Development Bank
  • Rationale for Establishing the Poverty and Environment Fund
  • Objectives and Scope
  • Implementation Arrangements
  • Funding Arrangements
  • Recommendation
  • Appendixes

Additional Details

Type
Subjects
  • ADB funds and products

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