- The People’s Republic of China Poverty Reduction and Regional Cooperation Fund (PRC Fund) is the first trust fund established by a developing member of the Asian Development Bank and the first funded by the People’s Republic of China at any multilateral development bank.
- Over the past 17 years, the PRC Fund has supported 135 applications worth $74.19 million, covering all sectors and both country-specific and regional projects.
- Combined assistance provided to members of the Central Asia Regional Economic Cooperation (CAREC) Program and the Greater Mekong Subregion (GMS) has reached $30 million—40% of the fund’s total portfolio
Over the past 17 years, the PRC Fund has supported 135 applications in ADB developing members and achieved good results, and will continue to promote common prosperity and shared development by supporting poverty reduction in Asia and the Pacific, regional cooperation and integration, and knowledge sharing through technical assistance and grants.
