Reducing Poverty in Partner Counties

The year 2020 marked the final year for China to achieve the goal of eradicating poverty. In the course of the year, the Bank earnestly implemented the important instructions of General Secretary Xi Jinping on poverty alleviation and the major decisions and arrangements made by the CPC Central Committee. With strengthened leadership and organization, the Bank gave full play to its financial strengths, strove to tackle the impact of COVID-19 and further increased its support to extremely impoverished regions. With the concerted efforts of the Bank’s employees, its two partner counties, Yunyang County in Chongqing Municipality and Minxian County in Gansu Province became poverty free, and the Bank was awarded the Prize of Excellent Performance in Winning the Three Tough Battles by China Banking Association. 

The Bank endeavored to carry out an all-encompassing campaign against poverty and paid particular attention to helping people increase confidence in their own ability to lift themselves out of poverty. The Bank arranged funds for specific projects and increased inputs to make sure that rural poor people do not have to worry about food and clothing and that they have access to compulsory education, basic medical services and safe housing. It also intensified all-round assistance to such areas as education, health care, industry, training and safe drinking water. In so doing, the Bank aimed to address the root causes of poverty and bring about urgently needed development to energize economic development of the two counties. Coordinated efforts were made to ensure that Minxian County was lifted out of poverty as scheduled. In 2020, the Bank donated RMB25.446 million and helped bring in RMB4.061 million poverty-relief funds. It helped 611 local officials and 6,495 technical personnel get trained, purchased agricultural products worth RMB3.5552 million and assisted with the sales worth RMB96.0717 million. All this benefited over 310,000 people suffering from poverty.