Japan PM vows $30 billion over next 3 years for Africa as China, Russia loom
Japanese Prime Minister Fumio Kishida on Saturday pledged $30 billion over the next three years for African development, with a focus on investing in human capital and fostering quality growth in a continent where China and Russia are exerting their influence.
In his online speech to the latest round of international conference on African development known as TICAD in Tunisia, Kishida stressed that Japan will grow together with Africa, differentiating its approach from that of China, which critics say has been burdening poor nations with huge debts related to infrastructure projects.
Specifically, Japan will extend loans worth around $5 billion in coordination with the African Development Bank to promote sustainable African development by restoring fiscal health, the prime minister said, as the two-day conference got under way in the Tunisian capital.
“Japan aspires to be a partner growing together with Africa. We will work together with Africa to overcome challenges in the region,” Kishida said in his speech.
“Japan will promote its initiatives with approaches quintessentially Japanese, focusing on people,” he said, adding that he wants to help realize a “resilient Africa that Africa itself aims to achieve.”
To support Africa, Japan will invest around $4 billion in achieving green growth through decarbonization and help Africa boost food production capacity and train people in agriculture as part of efforts to address the food crisis exacerbated by the war in Ukraine, Kishida said.
As the COVID-19 pandemic has highlighted the need for better preparedness, the prime minister also said Japan will step up efforts for Africa to fight infectious diseases such as AIDS, malaria and tuberculosis and to bolster healthcare systems.
Japan has shifted the focus of its engagement with Africa over the years, from giving aid to increasing investment with the participation of the private sector, as the continent is seen as having growth potential with its increasing population.
Kishida used his speech to underscore the importance of investing in people, a key part of his push to create a new form of capitalism. The premier reiterated that growth and wealth distribution should come hand in hand.
Over the next three years, Japan will nurture the talents in Africa of 300,000 people in such fields as agriculture, health care, education and justice.
Kishida expressed his willingness to strengthen cooperation with African nations in reforming the U.N. Security Council, which is increasingly seen as dysfunctional following its permanent member Russia’s aggression, and in realizing a “free and open” Indo-Pacific.
“Russia’s aggression against Ukraine shakes the very foundations of the international order. If we give up the rules-based international order, and allow changes to the status quo by force, the effects will also spread to Africa and the world,” the prime minister said.
“We should not backtrack from the forward-looking steps that the international community has taken thus far,” he added.
SOURCE: NEWS AGENCIES