PRC Poverty Reduction and Regional Cooperation Fund grants $4.022 million USD for 2007 Projects

On 24 March 2005, the Chinese Government and Asian Development Bank (ADB) jointly established the People's Republic of China (PRC) Poverty Reduction and Regional Cooperation Fund. The China Ministry of Finance provided financing and ADB implemented the projects.

The purpose of this special fund is to support the process of poverty reduction, regional cooperation and knowledge sharing for ADB developing member countries (DMCs) in the Asia-Pacific as well as Greater Mekong Subregion (GMS) and Central Asia Regional Economic Cooperation (CAREC) countries.

According to a 2019 Annual Report (p. 31-32), on 2 July 2007, the Chinese Ministry of Finance approved $2.522 million USD from this special fund for six different Batch 1 projects: 1) $500,000 USD for "Strengthening Central Asia Regional Economic Cooperation, 2007–2011." Closed 31 August 2013. 2) $500,000 USD for "Capacity Building and Institutional Strengthening of the ASEAN Free Trade Area Units of Selected ASEAN Member Countries (Phase 1)." Closed 30 September 2014. 3) $500,000 USD for "Enhancing the Development Effectiveness of the GMS Economic Cooperation Program (supplementary)." Closed 30 June 2012. 4) $500, 000 USD for "GMS Core Environment Program and Biodiversity Conservation Corridors Initiative (Phase 1, supplementary)." Closed 31 January 2016. 5) $22,000 USD for "GMS Public Health Forum on Regional Cooperation in Communicable Disease Control and Health Systems Development (supplementary)." Closed 30 April 2010. 6) $500,000 USD for "Capacity Building for Monitoring and Evaluation in Participating Countries." Closed 25 November 2011.

According to a 2019 Annual Report (p. 32), on 16 November 2007, the Chinese Ministry of Finance approved $1.5 million USD from this special fund for three different Batch 2 projects: 1) $500,000 USD for "Phnom Penh Plan for Development Management Phase III (supplementary)." Closed 31 January 2012. 2) $500,000 USD for "Central Asia Regional Economic Cooperation Institute 2009–2012." Closed 25 September 2015. 3) $500,000 USD for "Supporting Boao Forum for Asia." Closed 8 March 2011.