Ministry of Foreign Affairs expert meeting to consider use of private funds to support developing countries. Japan's ODA budget for this fiscal year is just over 570 billion yen, about half of its peak in 1997.
Demand for funds is increasing in order to respond to international issues such as Russia's invasion of Ukraine and climate change. The panel of experts plans to compile recommendations on specific measures to utilize private funds by this summer. It is important to explore new forms of ODA without being bound by precedent, Foreign Minister Kamikawa said.