Policy Advice on Promoting the Circular Economy in Qinghai Province (ADB-48028-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Qinghai province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 18, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of the People's Republic of China, Qinghai Provincial Finance Department
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 19, 2017

Disclosed by Bank Mar 17, 2017


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Project Description
According to Technical Assistance Report, in 2013, the government has requested ADB assistance in developing a circular economy in Qinghai Province in which materials are recycled, regenerated, and reused to minimize the consumption of natural resources. The TA will fully assess the lessons learned in the establishment and operation of the CCEPZ; develop a strategy and action plan for expanding the circular economy in the province; conduct a quantitative assessment of the impact the CCEPZ has had on the local economy since its establishment; formulate a monitoring and evaluation framework for the development of a circular economy in Qinghai; and provide policy recommendations to Qinghai provincial government on circular economic development, which are to be reflected in the province’s 13th plan for 2016–2020. Safeguard categorization is not applicable for this project. The impact will be scaled-up circular economic development in Qinghai Province. The outcome will be the implementation of strategy and action plan to expand the circular economy in the province.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Liu, Xinjian East Asia Department No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main