Japan's ODA rises to $14.72b<\/p>\n
TOKYO (Reuter): Japan's Official Development Assistance (ODA)
\nrose to US$14.72 billion in 1995, up 9.3 percent from the year
\nbefore, a senior official Foreign Ministry official said
\nyesterday.<\/p>\n
The preliminary figure comprised $10.55 billion in bilateral
\nassistance and $4.17 billion in aid via multilateral
\ninstitutions, all of which had been paid out, he said.
\nBilateral assistance consists of grants, technical assistance and
\ngovernment loans.<\/p>\n
It included ODA to East European nations and to the European
\nBank for Reconstruction and Development, the official said.<\/p>\n
On a yen basis, Japan's ODA for 1995 rose to 1.3849 trillion
\nyen, up 0.6 percent from the previous year, he said.<\/p>\n
Currency conversion rates used for the ODA calculation were
\n94.07 yen to the dollar for 1995 and 102.23 yen for 1994.<\/p>\n
ODA accounted for 0.28 percent of Japan's gross national
\nproduct (GNP) in 1995, down from 0.29 percent of GNP in 1994, the
\nofficial said. GNP is the value of goods and services produced in
\na given period.<\/p>\n
By region, ODA to the rest of Asia was 54.5 percent of the
\ntotal in 1995, down from 57.3 percent in 1994. ODA to Africa rose
\nto 12.6 percent from 11.8 percent. Latin America accounted for
\n10.8 percent, up from 8.6 percent.<\/p>\n
Japan allocated 44.5 percent of its 1995 ODA funds and
\ntechnologies to projects to enhance economic infrastructure in
\ndeveloping nations, up from 41.2 percent the previous year.<\/p>\n
Projects to support social infrastructure took 26.7 percent of
\nODA in 1995, up from 23.2 percent the year before, and those for
\nagriculture 9.4 percent against 9.6 percent.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/japans-oda-rises-to-1472b-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}