Examples of use of PRF
1. The meeting also discussed IDBs Poverty Reduction Fund (PRF). Saudi Arabia was the first country to announce its contribution of $1 billion to PRF at the IDBs board meeting in Kuwait in May 2006, becoming the largest contributor to PRF, which has so far received $1.35 billion from 21 member countries.
2. What has increased the IDBs determination to intensify its efforts in this field is the resolution of the recent Islamic Summit establishing the PRF as well as the recommendation of the 10–Year Plan of the OIC and the IDB Vision 1440H which was established by the bank last year and which emphasizes the great importance that should be given to combat poverty in Islamic countries and communities." He added: "The total concessional financing by the IDB since its inception has amounted to $4.2 billion, nearly half of which has been utilized in financing projects that contribute to the alleviation of poverty." Ali said: "What is saddening is that poverty levels have increased in some least developed member countries during recent years.