Japan Disburses Part of USD1B Pledge for Pakistan

Japan has released some USD130 million of the USD1 billion that it pledged for Pakistan during the April 2009 donor conference in Tokyo, according to Daily Times. The support targets macroeconomic reform, power and infrastructure initiatives as well as assistance for internally displaced people, said Japan’s Special Ambassador for Pakistan & Afghanistan Motohide Yoshikawa.

Meanwhile, Afghanistan is also set to receive a portion of Japan’s five-year, USD5 billion commitment for the war-torn nation. Japan, Yoshikawa said, will disburse some USD800 million in the first year to help foster stability in Afghanistan.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.