The Japan Fund for Poverty Reduction (JFPR) was established in May 2000 and provides direct grant assistance to the poorest and most vulnerable groups in developing member countries (DMCs) of the Asian Development Bank (ADB) while fostering long-term socioeconomic development. The grants target poverty reduction initiatives with the direct participation of nongovernment organizations, community groups, and civil society.
In 2009, the Government of Japan and ADB expanded the scope of JFPR to include provision of support to DMCs through capacity development, policy and advisory, research and development, and project preparatory technical assistance.
Some fast facts about JFPR:
• Established in May 2000 after the Asian financial crisis;
• Assists the poorest and most vulnerable groups;
• Received $615.4 million in contributions from Japan as of March 2013;
• Two grant types: ◦ Project grants (investment projects for direct poverty reduction); and ◦ Technical assistance (capacity development, policy and advisory support, knowledge/research and development, and project preparation)
• $537 million approved for 157 poverty reduction and 116 technical assistance grants to 30 developing member countries;
• Promotes innovation;
• Encourages participation of nongovernment organizations and other stakeholders; and • External evaluation in 2007 found the Japan Fund for Poverty Reduction relevant, efficient, effective, and sustainable and “generally aligns with ADB’s strategic objectives, [while] individual projects are in line with the country partnership strategies and national poverty reduction strategies."
- Asian Development Bank
- © Asian Development Bank