Original disclosure @ ADB website
Updated in EWS Jan 23, 2023
Disclosed by Bank Nov 16, 2022
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The proposed project will support the Government of the People's Republic of China's efforts to protect the environment, restore ecosystems, and increase climate resilience through sustainable green development. It will promote and demonstrate sustainable ecosystem protection and low carbon development principles and practices in the Dabie Mountain in Huanggang Municipality in Hubei Province, integrating policy advice, digitalization, trainings, green financing mechanism for environmental protection, and climate smart agri-businesses development.
The government has requested for a $200.0 million loan from the Asian Development Bank (ADB) ordinary capital resources to finance the project. The project will contribute to the Yangtze River Economic Belt program and rural vitalization strategies of the government. It will be aligned with the following impact: rural vitalization in the Yangtze River Economic Belt realized.
The project will have three outputs: (i) institutional strengthening, policy, management and technical capacity for ecosystem protection and green development enhanced; (ii) rural facilities and business opportunities in ecosystem protection improved; and (iii) climate smart green rural development demonstrated. These outputs will result in the following outcome: ecosystem services, livelihood opportunities, and climate resilience of the Dabie Mountain improved.
ADB Project Officer
East Asia Department
Project contacts not available at the time of disclosure.
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