Sunday, October 22, 2006

Human Resources: China to spend $500,000 to support HR development in Central Asia

China is to give $500,000 dollars to Central Asian countries to support their human resources development. China's Vice Finance Minister Li Yong, said the money will come from the Regional Cooperation and Poverty Reduction Fund (RC Fund) set up by China at the Asian Development Bank (ADB).

Xinhua reports China is committed to providing $20 million to Central Asian countries between 2005 and 2009. It established the RC Fund last March to promote regional cooperation in reducing poverty among the developing member countries of the ADB.