https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

Japan plans to double Africa aid, win support

20th May 2008

By: Reuters

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Japan plans to double annual foreign aid to Africa by 2012, the government said on Tuesday, to strengthen ties with the resource-rich continent and win support for its bid for a permanent seat on the United Nations Security Council.

Japan, which is preparing to host the fourth round of the Tokyo International Conference on African Development (TICAD) on May 28-30, faces rising competition from China and India for Africa's natural resources such as rare metals.

Tokyo aims to raise its annual aid to African nations to 200 billion yen by 2012, double the amount for 2007, Chief Cabinet Secretary Nobutaka Machimura told a news conference. That includes yen loans and grant aids but not debt relief, an official at the foreign ministry said.

Advertisement

Machimura said the aid was needed to help Africa address problems such as poverty and disease.

"In addition, Japan has been saying that it wants to win a permanent seat in the Security Council and would like to build a closer relationship with Africa in that sense," he said, adding that import-dependent Japan also hoped to work closely with African countries in the area of scarce resources.

Advertisement

Prime Minister Yasuo Fukuda will announce details of the aid at the Tokyo conference to be attended by leaders and representatives from 52 African nations, members of international organisations, and activist Irish rock star Bono.

Japan's foreign aid grew from the late 1970s as it strengthened ties with resource-rich developing countries and sought to boost its global profile to match its economic power.

But efforts to curb the country's bulging public debt resulted in Japan slipping to fifth place from third in overall overseas aid spending in 2007 at $7.7 billion, down 30 percent from the previous year, according to Organisation for Economic Cooperation and Development figures.

Finance Minister Fukushiro Nukaga told reporters he supported the aid-doubling plan, but noted that it might require some fiscal footwork. "We are also promoting fiscal reforms at home, and we need to be ingenious when implementing such aid," he said.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE      FEEDBACK

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here


About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za