Japanese Finance Minister Koji Omi announced that it “may be worthwhile” for Japan to earmark a part of foreign aid spending to research activities to boost global capacity in science and technology under the Asian Development Bank. “Innovation in science and technology will enhance our efforts in addressing important challenges such as striking a good balance between economic activity and environmental protection,” said Omi at the ADB governors’ seminar in Kyoto, adding that such a move would improve “the living standards by enhancing productivity, and supporting poor people in developing countries.” Details of the strategy will be given more thought in the coming months, stated Omi, who called the undertaking “win-win” for both developed and developing countries. (Source: Japan Omi:May Channel Devt Aid To ADB Science & Tech Research/Dow Jones)
