Japan to provide $3 bil. for ASEAN

Japan to provide $3 bil. for ASEAN

Dec 02, 2019

Tokyo (Japan) Dec 02: Japan's Foreign Minister Toshimitsu Motegi has announced a plan to provide up to 3 billion dollars to Southeast Asian nations over the next three years for infrastructure development.
Motegi said on Monday that the Japanese government will extend the investment that includes private-sector funds from 2020 to 2022.
He added that the plan demonstrates Japan's commitment to bringing free and fair development throughout the ASEAN bloc by providing the member states with new economic options.
Prime Minister Shinzo Abe told the leaders of the Association of Southeast Asian Nations at a summit last month that Japan plans to increase investment in the bloc through the Japan International Cooperation Agency.
Abe said the investment is aimed at realizing a free and open Indo-Pacific, and it will be used to build infrastructure and realize women's empowerment among other initiatives.
Source: NHK World