Japan grants 2 million US dollars free aid to Mongolia
The Japanese Government reached a decision to grant 200 million yen or 2 million US dollars in the country`s fiscal year in 2012 to Mongolia. The two countries discussed the supply of medical equipment and the provision of training facilities using the free aid in accordance with the Mongolian Government’s request.
The Japanese Government aimed to support re-construction at the devastated region affected by the tsunami and earthquake in March 2011 by supplying domestic manufacturers from small-to-medium enterprises in the region to developing countries as free aid on ODA projects.
The Japanese Government has granted free aid to over 20 developing countries since last year.
The free aid is also designed to display qualified Japanese products and to adopt Japanese technology in Mongolia and strengthen mutually beneficial cooperation in order to together head towards prosperity.
The free aid from the Japanese Government`s ODA project is designed to support structural transformation of the economy of developing countries, reduce external balance losses and to buy necessary imported goods.
The Foreign Minister Bold Luvsanvandan expressed that he was happy to sign the free aid note from the Japanese Government in the 2012 fiscal year as a representative of the Mongolian Government.
The Foreign Minister also stated that Mongolia has received the free aid almost 10 times since 1990. The free aid delivered by the Japanese people and the Government acted as important support and relief for Mongolia, helping it to overcome difficulties during the period of transition to a market economy, improving infrastructure and reducing external balance losses. He expressed special thanks to the Japanese Government on behalf of the Mongolian Government.
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