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7/31/2019 Partnership Brief: Cofinancing with the People's Republic of China
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Partnership BriefCofinancing with the Peoples Republic of China
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3 Defining the Partnership
6 Highlights
Box and Tables
5
Capacity Building in the Greater
Mekong and Central Asia
8 Direct Value-Added Cofinancing
10 Trust Fund Commitments
Contents
2012 Asian Development Bank
All rights reserved. Published 2012.Printed in the Philippines.
The views expressed in this publication are those of the authors and do notnecessarily reflect the views and policies of the Asian Development Bank(ADB) or its Board of Governors or the governments they represent.
ADB does not guarantee the accuracy of the data included in thispublication and accepts no responsibility for any consequence of their use.
By making any designation of or reference to a particular territory orgeographic area, or by using the term country in this document, ADB
does not intend to make any judgments as to the legal or other status ofany territory or area.ADB encourages printing or copying information exclusively for
personal and noncommercial use with proper acknowledgment of ADB.Users are restricted from reselling, redistributing, or creating derivativeworks for commercial purposes without the express, written consentof ADB.
Note:
In this publication, $ refers to US dollars.
2
7/31/2019 Partnership Brief: Cofinancing with the People's Republic of China
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n a unique cofinancing
relationship, the Peoples
Republic of China (PRC) and
the Asian Development Bank
(ADB) have been working
together to support regional
cooperation and poverty reductionfor ADB developing member
countries in Asia and the Pacific.
Through the establishment
in 2005 of the PRCs Poverty
Reduction and Regional
Cooperation Fund (PRC Fund)
the first and only trust fund
financed by contributions from
an ADB developing member
countryprojects totaling almost
$20 million were approved during
20052011, to support capacity-building and knowledge-sharing
activities. Priority support was
given to countries in the Greater
Mekong Subregion (GMS) and the
Central Asia Regional Economic
Cooperation (CAREC). The PRC
has since replenished the fund,
with another $20 million in 2012.1
When established, the PRC
Fund was the only ADB-managed
trust fund supporting regional
cooperation and integration, oneof five core operational areas
prioritized in Strategy 2020, ADBs
long-term strategic framework.
The funds objectives include to
accelerate poverty reduction and
economic and social development
in the region with tangible results.
1The GMS countries include Cambodia, the
Peoples Republic of China (Yunnan Province
and Guangxi Zhuang Autonomous Region), the
Lao Peoples Democratic Republic, Myanmar,
Thailand, and Viet Nam. The CAREC countries
include Afghanistan, Azerbaijan, the Peoples
Republic of China (Xinjiang Uygur Autonomous
Region and Inner Mongolia Autonomous
Region), Kazakhstan, the Kyrgyz Republic,
Mongolia, Pakistan, Tajikistan, Turkmenistan, and
Uzbekistan.
The PRC Fund finances
activities that promote regional
cooperation and integration
through capacity-building
and knowledge-sharing
programs; contribute to poverty
reduction through cross-borderharmonization and regional public
goods provision; and contribute to
SouthSouth knowledge sharing
through knowledge dissemination
and network building among ADBs
developing member countries.
In 2009, the PRC, represented
by the ExportImport Bank of
[the Peoples Republic of] China,
signed a framework cofinancing
agreement with ADB to deepen the
institutional partnership based on aprogrammatic approach. Under the
agreement, the bank earmarked an
amount equivalent to $1.5 billion
over 3 years for cofinancing
ADB projects.
The PRC replenished the PRC Fund with $20 million in 2012
I
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4 Partnership Brief
PRC FundInstitutionalStructure Executing agency: Ministry
of Finance of the Peoples
Republic of China
Implementing agency: Asian
Development Bank
Management responsibility
in ADB: Office of Regional
Economic Integration
Communication on financial
aspects and reporting: Office
of Cofinancing Operations
Regional Cooperation andIntegrationAs of April 2012, the PRC Fund
had approved funding applications
amounting to $18.84 million
for 47 ADB projects. Of these,
22 have been completed and 25
are ongoing. Most projects (39)
support capacity building and
institutional strengthening, one
of four priority areas in which thePRC Fund is active.
Among the most successful
activities funded by the PRC
Fund were projects supporting
the Phnom Penh Plan for
Development Management in
the GMS and several projects
providing capacity building in
CAREC. These projects trained
civil servants associated with
the GMS and CAREC programs
to better manage regionalcooperation and included learning
and skills development, research,
networking, the establishment
of research institutes, and
fellowship grants for short-term
training courses for public policy
management in top international
institutions (see box, page 5).
Among its many
achievements, the PRC Fund
contributed to the development
of GMS partner institutions, as
well as the activities of the CAREC
Institute and the establishment
of the Asia-Pacific Institute for
Water Security.
Support to other focus areas
of the PRC Fund included research
and analytical work (16 projects);
dissemination, networking, and
cross-learning (14 projects); and
piloting of innovative approaches
(6 projects). Public sector
management received the biggest
share of funding (40%), followed
by industry and trade (22%),
agriculture and natural resources
(18%), multisector (13%), finance
(4%), and energy (3%). The most
significant share of the funds
financial support was directed toprojects in the GMS (43%) and
CAREC (24%).
Several PRC Fund projects
also helped reduce poverty more
directly. These projects worked
to harmonize regulations for
investment and trade and to
boost cross-border employment
opportunities. They also
supported agriculture and
trade sectors, where many poor
households are engaged, and
provided the poor with skills for
better managing outbreaks of
communicable diseases.
For example, the project
Transboundary Animal Disease
Control for Poverty Reduction
in the GMS, completed in 2011,
addressed regional public health
concerns related to animal
diseases. It identified targeted
disease control approaches
and improved the diagnostic
capacities of national and regional
laboratories. This improved the
flow of information on diseases
among GMS countries. The project
also applied disease control
programs to improve the incomes
of poor livestock holders along theMekong River.
The PRC Fund also supports
private sector participation in the
implementation of the CAREC
trade facilitation component.
The CAREC Federation of Carrier
and Forwarder Associations,
the only private-sector-led sub-
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Defining the Partnership
regional cooperation mechanism,
provides the essential link
between CAREC public and private
sector programs.
Generating CofinancingImportantly, the PRC Fund has
also helped catalyze additional
support for regional cooperation
and integration from multilateral
development partners, such
as the International Fund for
Agricultural Development, the
International Institute for Trade
and Development, and the Food
and Agriculture Organization,
and from bilateral development
partners including Australia,
Finland, France, Japan, the
Republic of Korea, New Zealand,
Sweden, and the United
Kingdom. Altogether, the PRC
Fund has helped mobilize morethan $45 million in additional
financing for 27 of the 47 projects
it supports, including counterpart
funding from governments.
Capacity Building in the GreaterMekong and Central Asia
Among the most successful programs of the PRCs PovertyReduction and Regional Cooperation Fund (PRC Fund) is a
series of projects under the Phnom Penh Plan for Development
Management, which focused on improving the capacity for public policy
management among senior and mid-career civil servants in the Greater
Mekong Subregion (GMS).
The fund provided a total of $1.5 million to the Phnom Penh Plan,
which conducted 90 learning programs benefiting over 1,770 civil servants
from the six GMS countries. About 11% of these programs were supported
by the PRC Fund.
A fellowship program under the plan allowed 31 mid-career and
13 senior GMS civil servants to participate in executive and leadership
programs in top international business schools and institutions.
In addition, GMS Development Dialogues were conducted on energysecurity, climate change, food security, labor migration, economic
corridors, and on complementarities between the GMS and the Association
of Southeast Asian Nations.
The plan also established the Leaders Networking for Knowledge (LINK)
program to Phnom Penh Plan alumni to allow them to share knowledge
and to network. PRC Fund support has so far organized 10 LINK events.
Central AsiaIn three regional technical assistance grants, the PRC Fund supported a
series of programs involving training and knowledge sharing to increase
capacity among officials associated with the Central Asia Regional
Economic Cooperation (CAREC) program for work in regional cooperation.
The first of theseCapacity Building for Regional Cooperation inCentral Asia from February 2006 to July 2007conducted seminars
and training workshops to expand awareness of regional cooperation
and encourage discussion of the various approaches for deepening
cooperation. It also conducted a study tour to expose CAREC civil servants
to experiences in the more advanced GMS cooperation program. Over the
course of the project, 323 people received training.
During 20072008, 491 participants took part in the project,
Capacity Development for Regional Cooperation in CAREC Participating
Countries (Phase I), which provided training and a better understanding
of the role and potential of regional cooperation. The project helped civil
servants examine opportunities and challenges in implementing regional
programs and initiatives and completed eight studies to support more
effective regional cooperation in Central Asia.The CAREC Institute project of January 2009 to March 2012,
meanwhile, has supported the development and delivery of training and
research aligned with the work of the CAREC program. The PRC Fund
supported the Leadership Development Initiative, which improved the
analytical tools and skills of public officials. It also financed the launch
of the CAREC Institute Research Program. The project conducted sector
training, knowledge-sharing activities, and workshops through March
2012. As of January 2011, 1,026 participants had received training.
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Pakistan
Uzbekistan
Afghanistan
Azerbaijan Kyrgyz Republic
Tajikistan
6 Highlights
Cumulative Direct Value-Added Cofinancing
(as of 30 Apr 2012)
Direct Value-Added Cofinancing
Investment projects No grants No loans
Technical assistance: $18.88 million for 48 projects(including one project not funded by the PRC Fund).
See tables, pages 810, for projects.
Kazakhstan
Turkmenistan
Central Asia Regional EconomicCooperation countries
Greater Mekong Subregion countries
Distribution of PRC FundProjects by Priority Activity
(number of projects, as of 30 Apr 2012)
Note: Based on project numbers. Some projects arecounted more than once as they cut across severalpriority activities.
Capacity building
and institutionalstrengthening
39
Research and
analytical
work
16Piloting of
innovative
approaches
6
Dissemination,
networking,
and cross-
learning
14
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Viet Nam
Mongolia
Cambodia
LaoPeoples
DemocraticRepublic
PeoplesRepublicof China
Projects Funded by the PRC Fundby Sector
(%, as of 30 Apr 2012)
Public Sector
Management
40.00
Agriculture
and Natural
Resources
18.00
Industry
and Trade
22.00
Multisector
13.00
Energy3.00
Finance
4.00
Thailand
ASEAN = Association of Southeast Asian Nations;ASEAN+3 = ASEAN plus the Peoples Republic ofChina, Japan, and the Republic of Korea; CAREC =Central Asia Regional Economic Cooperation;DMC = developing member country.
ASEAN/
ASEAN+3
11.00
Asia and the
Pacific/
Selected DMCs
16.00
Central
Asia/CAREC
24.00
Greater
Mekong
Subregion
43.00
Northeast Asia
6.00
Distribution of PRC Fund Projectsby Subregion
(%, as of 30 Apr 2012)
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Year Project Amount
Cambodia
2009 Capacity Development for National Economic Policy Analysis and DevelopmentManagement, Phase III
500.00
Regional
2011 Regional Program for Research and Capacity Development on Water Security 500.00
2010 Supporting the Boao Forum for Asia and the Asian Exim Banks Forum in Dialogues
on Regional Economic Integration and Partnership
500.00
2010 Strengthening the Coordination of the GMS Program 500.00
2010 Strengthening Carbon Financing for Regional Grassland Management in
Northeast Asiac300.00
2010 Strengthening Carbon Financing for Regional Grassland Management in
Northeast Asiac, d100.00
2010 Strengthening CAREC, 20072009 (Supplementary)d 500.00
2010 GMS Phnom Penh Plan for Development Management IV 500.00
2009 Asia Pacific Procurement Partnership Initiative 500.00
2009 CAREC: Working with the Private Sector in Trade Facilitation 500.00
2009 Capacity Development in Results-Based Monitoring and Evaluation for Countries
under ADBs CAREC Program
500.00
2009 Deposit Insurance Establishment 500.00
2009 Implementing the GMS Human Resource Development Strategic Framework andAction Plan
500.00
2009 Transboundary Animal Disease Control for Poverty Reduction in the GMS(Supplementary)d
200.00
2008 Accelerating the Implementation of the Core Agriculture Support Program 500.00
2008 Regional Knowledge and Partnership Networks for Poverty Reduction and
Inclusive Growth
500.00
2008 Small-Scale Technical Assistance for Developing a Computable General EquilibriumModeling Framework for Analyzing the Impacts of Power Trading between Mongoliaand the Peoples Republic of China
150.00
2008 CAREC Institute, 20092012 500.00
2008 Development Study of the GMS Corridor (Supplementary)d 400.00
2008 Enhancing Transport and Trade Facilitation in the GMS 500.00
2008 Capacity Building and Institutional Strengthening of the Free Trade Agreement Unitsin Selected ASEAN Member Countries
500.00
Direct Value-Added Cofinancinga ($ 000, Mar 2005Apr 2012)bTechnical Assistance Projects
8
a Cofinancing with contractual or collaborative arrangements between a financing partner and ADB. In addition,the Peoples Republic of China and ADB have common projects that are considered under other cofinancing.Other cofinancing is cofinancing in which a financing partner and ADB cofinance a project independently with nocontractual or collaborative arrangements between them.
b All figures are given in US dollar equivalents unless otherwise indicated.c Funding was approved under separate applications.dThe cumulative number of projects excludes supplementary technical assistance grants.
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2008 GMS Phnom Penh Plan for Development Management III 500.00
2008 Supporting the Boao Forum for Asia 500.00
2008 Core Environment Program and Biodiversity Conservation Corridors Initiativein the GMS 500.00
2007 Strengthening Human Resource Development Cooperation in the GMS 22.00
2007 Enhancing the Development Effectiveness of the GMS Economic
Cooperation Program
500.00
2007 Capacity Development for Monitoring and Evaluation 500.00
2007 Strengthening CAREC, 20072009 500.00
2007 Transboundary Animal Disease Control for Poverty Reduction in the GMS 300.00
2007 CAREC Members Electricity Regulators Forum 500.00
2006 ASEAN+3 Regional Guarantee Mechanism (Project-specific)e 35.00
2006 ASEAN+3 Regional Guarantee and Investment Mechanism Phase 2 300.00
2006 Capacity Development for Regional Cooperation in CAREC Participating
Countries Phase I
500.00
2006 Enhancement of Subregional Cooperation in BIMP-EAGA and IMT-GT 250.00
2006 Capacity Building for Designing, Negotiating, and Implementing Free TradeAgreements in Selected ADB DMCs
500.00
2006 Second ASEAN+3 Seminar on Poverty Reduction 70.00
2006 Technical Training and Capacity Building for Selected ASEAN+3 Countries onRegional Economic and Financial Monitoring
500.00
2006 Partnership on Persistent Organic Pollutants Pesticides Management for Agricultural
Production in Central Asian Countries
400.00
2006 Support Preparations for CAREC Business Development Forum 200.002006 Support to Trade Facilitation and Capacity Building in the GMS 400.00
2006 Human Resources Development for Trade in the GMSd, f 250.00
2006 Expansion of Subregional Cooperation in Agriculture in the GMSg 250.00
2006 Expansion of Subregional Cooperation in Agriculture in the GMSd, g 350.00
2006 Development Study GMS Corridor 400.00
2006 Implementation of the GMS Cross-Border Transport Agreement 400.00
2005 Capacity Building for Regional Cooperation under the CAREC Program 400.00
2005 Enhancing the Business Environment in the GMS 200.00
2005 GMS Phnom Penh Plan for Development Management III 500.00
Year Project Amount
e Not financed by the Peoples Republic of China Poverty Reduction and Regional Cooperation Fund.fThis application was for the project Support to Trade Facilitation and Capacity Building in the
Greater Mekong Subregion.gFunding was approved under separate applications.
ASEAN = Association of Southeast Asian Nations; ASEAN+3 = ASEAN plus the Peoples Republ ic of China,Japan, and the Republic of Korea; BIMP-EAGA = Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEANGrowth Area; CAREC = Central Asia Regional Economic Cooperation; DMC = developing member country;GMS = Greater Mekong Subregion; IMT-GT = Indonesia-Malaysia-Thailand Growth Triangle.
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10
Trust Fund Commitments ($ million, as of 30 Apr 2012)a
Year Fund Amount Status
2012 Poverty Reduction and Regional
Cooperation Fund
20.00 Available for commitment:
$20.38 millionb
2005 Poverty Reduction and RegionalCooperation Fund
20.00
a Commitments in US dollars are as of the time of commitment. For commitments made in currencies other thanUS dollars, the amounts are converted to US dollars using the exchange rates at the time of commitment.
b Out of the total commitment of $40 million.
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Partnership Brief
Cofinancing with the Peoples Republic of China
The Partnership Brief series, compiled by the Office of Cofinancing Operations of the Asian DevelopmentBank (ADB), presents key details of cofinancing with ADBs main development partners.
About the Asian Development Bank
ADBs vision is an Asia and Pacific region free of poverty. Its mission is to help its developing membercountries reduce poverty and improve the quality of life of their people. Despite the regions manysuccesses, it remains home to two-thirds of the worlds poor: 1.8 billion people who live on less than $2 aday, with 903 million struggling on less than $1.25 a day. ADB is committed to reducing poverty throughinclusive economic growth, environmentally sustainable growth, and regional integration.
Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instrumentsfor helping its developing member countries are policy dialogue, loans, equity investments, guarantees,grants, and technical assistance.
For further information, please contact:
Asian Development BankOffice of Cofinancing OperationsCcile L.H.F. GregoryHeadRiccardo LoiDirector
Karen DeckerPrincipal Financing Partnerships Specialist
Asian Development Bank6 ADB Avenue, Mandaluyong City1550 Metro Manila, Philippineswww.adb.orgPublication Stock No. ARM124765
May 2012
Printed on recycled paper Printed in the Philippines