On February 16, the Philippines and Japan will host a high-level infrastructure summit.
MANILA, Philippines โ On February 16, the Philippines and Japan will teleconference their 12th high-level meeting on infrastructure development and economic cooperation, concentrating on the latter’s supported big-ticket projects under President Rodrigo Duterte’s trademark program “Build, Build, Build.”
The meeting of the Philippines-Japan High-Level Joint Committee on Infrastructure Development and Economic Cooperation will focus on the body’s accomplishments on projects such as the Metro Manila Subway Project (MMSP), North-South Commuter Railway (NSCR) project, MRT-3 rehabilitation, Dalton Pass East Alignment Road, Central Mindanao Highway, and the Paranaque Spillway, among others.
The Philippine team will be led by Finance Secretary Carlos Dominguez III, while the Japanese mission will be led by Mori Masafumi, Special Advisor to Prime Minister Fumio Kishida.
The two sides will brief each other at this week’s meeting on Japan’s funding for the Philippines’ coronavirus disease 2019 (Covid-19) response initiatives as well as the success of Japan-funded projects supporting the Mindanao peace process.
Through the Japan-Bangsamoro Initiatives for Reconstruction and Development, Japan has been actively supporting these peace-building activities (J-BIRD).
Japan also provided the Philippines with a US$13 million emergency grant aid last month through various international organizations for the implementation of humanitarian assistance activities for the victims of Typhoon Odette, which devastated thousands of communities in the Visayas and Northern Mindanao.
Last July 8, the Philippines received a shipment of over 1 million AstraZeneca doses supplied by the Japanese government, which has worked closely with Philippine officials since the start of the pandemic to help contain the spread of Covid-19.
The Covid-19 Crisis Response Emergency Support Loan (CRESL), the Post-Disaster Standby Loan Phase 2 (PDSL 2), the joint clinical trial for the anti-flu drug Avigan, the procurement of medical equipment and the establishment of laboratory surveillance sites, and the development of a cold chain system in the Philippines are among the Japan-backed projects to help curb the spread of the virus.
The high-level committee’s inaugural meeting was conducted in Tokyo in March 2017.
It was part of Prime Minister Shinzo Abe’s commitment two months prior to providing one trillion yen (roughly $9 billion) in financing support to the Philippines over the next five years, as well as the establishment of a Joint Committee on Infrastructure Development and Economic Cooperation to coordinate the assistance.
This vow was fulfilled in July 2021, during Prime Minister Abe’s term, under the administration of then-Prime Minister Yoshihide Suga, who was also the Chief Cabinet Secretary at the time.
Save/Share this story with QR CODE
Disclaimer
This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.
๐ฉ Need to get in touch?
๐ฉ Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.
We appreciate your reading. ๐Simple Ways To Say Thanks & Support Us:
1.) โค๏ธGIVE A TIP. Send a small donation thru Paypal๐โค๏ธ
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) ๐ BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) ๐ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).
AFFILIATE PARTNERS
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.