Against the background of the country's severe financial situation, the budget for ODA (Official Development Assistance) is limited, and the first meeting of the Ministry of Foreign Affairs' expert panel to consider support for developing countries using private funds was held this year. We plan to compile our recommendations by the summer.
Japan's ODA budget for this fiscal year is just over 570 billion yen, about half of its peak in 1997, but demand for funds is increasing in order to respond to international issues such as Russia's invasion of Ukraine and climate change. I am.
Under these circumstances, the first meeting of the Ministry of Foreign Affairs' expert panel to consider support for developing countries using private funds was held.
During the meeting, Foreign Minister Kamikawa gave a speech and said, ``It is important to explore new forms of ODA without being bound by precedent, such as how to mobilize private funds while working with various stakeholders.'' said.
Afterwards, the meeting
will discuss
ways to use ODA to mitigate risks when companies invest in developing countries, and how to use
ODA as a source of funds, such as donations from the private sector.
has been confirmed.
The panel of experts plans to compile recommendations on specific measures to utilize private funds by this summer.