Prime Minister Kishida Fumio has formally announced Japan’s intention to provide a Y600 billion, or around $4.586 billion assistance to the Philippines, in support of the latter’s bid to become an upper-middle income country. | GabrielLaluINQ
“First, regarding the economic cooperation, the economic development of the Philippines will be a big economic opportunities for both of our countries to support the Economic Development Plan of the Philippines to become upper-middle-income country and conveyed that by March 2024, public-private assistance of Y600 billion will be provided,” he added.
Memorandum of Cooperation between the Department of Agriculture and Ministry of Agriculture, Forestry andKishida also touched base on the deal regarding ICT and agriculture, saying that Japan supports the Philippines’ efforts to improve these industries.“Also, in respect of the priority areas of Marcos administration based on a series of MOCs signed this time, we concurred to advance efforts in agriculture and ICT by utilizing state-of-the-art technology,” he said.
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