According to the bank document, the proposed project will support Xiangyang Municipality in Hubei Province of the People's Republic of China (PRC) to demonstrate a model of three-tiered elderly care services and management.
It will address the demographic and economic challenges of increasing care needs of the rapidly aging population. This is the first project, financed by international financial institutions, to support Xiangyang Municipality to develop a three-tiered elderly care system. It will help the Xiangyang Municipal Government (XMG) to establish a model to deliver adequate care services to elderly people who need care.
Loan: Xiangyang Hubei Elderly Care Service Development with Public-Private Partnership Project US$ 150.00 million
TA: Hubei Xiangyang Elderly Care Service Development with Public-Private Partnership Project US$ 0.65 million
Responsible ADB Department: East Asia Department
Responsible ADB Division: Urban and Social Sectors Division, EARD
Xiangyang Municipal Government
No. 176 Shengli Street, Xiangcheng District,
Xiangyang City, Hubei Province
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