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PRC sets up $20 million regional cooperation and poverty reduction grant fund at ADB.
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M2 Presswire
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March 11, 2005
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M2 PRESSWIRE-11 March 2005-ADB: PRC sets up $20 million regional cooperation and poverty reduction grant fund at ADB(C)1994-2005 M2 COMMUNICATIONS LTD
RDATE:11032005
MANILA, PHILIPPINES - The People's Republic of China (PRC) is contributing US$20 million to set up a technical assistance fund approved by the Asian Development Bank (ADB) to promote regional cooperation and poverty reduction among the countries of developing Asia.
The Regional Cooperation and Poverty Reduction Fund is the first such fund to be set up by a developing member country of ADB and the first financed by the PRC at any international institution.
The fund aims to promote faster economic ...
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