People’s Republic of China Poverty Reduction and Regional Cooperation Fund: Annual Report 2021

This report details the technical assistance and grants provided by the People’s Republic of China Poverty Reduction and Regional Cooperation Fund (PRC Fund) in 2021 to lift economic and social development and spur regional cooperation. Providing an overview of the PRC Fund, it covers its background, rationale, objectives, operating principles, and arrangements. It details the wide range of grants and projects approved by the fund and outlines the performance of projects already underway. It shows how the ADB-administered fund helped developing member countries tackle COVID-19 and projects designed to build up capacity in areas such as health and rural development.