The Japanese government will provide aid to middle-income countries.
The Japanese government has decided to establish a new aid framework for countries with a gross national income per capita (GNI) higher than the current standard for receiving official development assistance (ODA).
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| Japanese Prime Minister Shinzo Abe attends the Caricom conference. (Source: EFE) |
The above information was revealed by Japanese Prime Minister Shinzo Abe during a summit with leaders of Caribbean Community (Caricom) countries on July 28.
According to calculations, this aid framework will be applied to newly developed countries that still face difficulties in the fields of natural disaster prevention, weak basic manufacturing industries, etc. The estimated budget for this aid framework will be calculated by the Japanese Ministry of Foreign Affairs and included in the budget estimate from fiscal year 2015.
In addition to the Caribbean island nations, Japan will also extend this aid to countries such as Türkiye, Malaysia, Brazil and those that will exceed the ODA threshold in the near future.
Currently, Japan's ODA is only applicable to countries with GNI below 12,000 USD.
Similar to the technical cooperation fund that Tokyo has cooperated with Gulf countries in training technical personnel, the new aid fund is considered a tool for Japan to strengthen its links and relations with countries that have escaped poverty, and to seek their support in international issues such as reforming the structure of the United Nations Security Council and limiting emissions.
According to Vietnam+
