Japan Fund for Prosperous and Resilient Asia and the Pacific
What is the Japan Fund for Prosperous and Resilient Asia and the Pacific?
Japan established the Japan Fund for Poverty Reduction (original JFPR) in May 2000 to provide grants for projects supporting poverty reduction and related social development activities that can add value to projects financed by ADB. In 2010, the fund expanded its scope of grant assistance to provide technical assistance (TA) grants in addition to project grants.
On 1 September 2021, ADB’s Board of Directors approved renaming the original JFPR to the Japan Fund for Prosperous and Resilient Asia and the Pacific (JFPR) to enhance its role following the Government of Japan’s announcement at the ADB’s 54th Annual Meeting in May 2021. The enhanced JFPR will help ADB’s developing member countries achieve resilient recovery from the ongoing pandemic crisis and enhance preparedness for the next crisis. It will also help build a sustainable society and foundation for a prosperous future while bolstering vulnerable groups. It is positioned as the next-level work to help lift remaining populations above the poverty threshold and bring everyone on a sustainable path to prosperity and resilience, building on the achievement and the momentum of the past two decades and further increasing the JFPR’s development impact.
What are the priorities?
To achieve the overall objective, in addition to poverty reduction, the JFPR focuses on universal health coverage, climate change and disaster risk management, quality infrastructure investment, and public finance management, as the priority areas.
What kind of activities are eligible for the grants?
It will prioritize sovereign project grants and technical assistance projects that are focused on the priority areas mentioned.
Who is eligible to receive the grants?
All ADB developing member countries are eligible for the grants.
Who supports the fund?
Japan supports this fund. As of 15 December 2021, the total funds made available totaled about $966 million. ADB had approved and signed a total of $1.01 billion for 511 projects. Of these, $612.4 million are for 207 project grants and $400 million are for 304 TA projects.
1 Difference from the government contribution was derived from interest and investment income.
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