Japan PM Shinzo Abe Packs $8.66-Billion Aid Package for Philippines State Visit

The Prime Minister of Japan, Prime Minister Shinzo Abe brings with him around $6.88-Billion Aid Package for the Philippines on his first state-visit this year in the hometown of President Rody Duterte in Davao City.

See Also: Japan to Start Construction of Pres. Duterte's Malolos-Tutuban Railway Project

The Japanese leader announced during his meeting with the top officials of the Philippines the 1 trillion yen ($8.55 billion) aid package for the Philippines under Pres. Rody Duterte spread over five years.

Prime Minister visits the Philippines, particularly in the southern city of Davao today, January 12 and tomorrow, January 13 to discuss various issues involving the Philippines and Japan as well the country's chairmanship of ASEAN this year.

The billion-dollar aid package to the Philippines is considered as Japan's largest aid directed at a single country according to a senior Japanese official who refused to be named. The Philippine aid tops the five-year package of roughly 800 billion yen for Myanmar which was announced by Japan last year.

The financial aid to the Philippines under the leadership of Pres. Rody Duterte will be used as official development assistance and private-sector investments, which will be directed toward infrastructure projects such as building subways and electric power systems for the country's regional cities.

According to a Japanese news media outlet, a panel of government officials from both Philippines and Japan will be formed to help cary out the infrastructure investments.

The Japanese government will also help the establishment of rehabilitation facilities to support Pres. Rody Duterte's efforts to eradicate drug use.

Prime Minister Shinzo Abe's choice of the Philippines for his first state visit of 2017 reflects Japan's wish to strengthen ties with the Philippines as the Prime Minister looks forward to build trust with Pres. Duterte as Japan aims to prevent China from getting close to Duterte.

According to top Philippine government officials the official visit of Japanese Prime Minister to Davao City is now recorded in Davao's history books as the highest foreign official to visit the city. The Prime Minister of Japan is also scheduled to visit Australia, Indonesia and Vietnam but he choose to prioritize the Philippines on his Asean and Pacific tour.

Source: Nikkie Asian Review / Philippine Information Agency

Japan PM Shinzo Abe Packs $8.66-Billion Aid Package for Philippines State Visit Japan PM Shinzo Abe Packs $8.66-Billion Aid Package for Philippines State Visit Reviewed by Phil Newsome on January 12, 2017 Rating: 5
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