Tokyo, Nov. 25 (Jiji Press)–Japan’s Foreign Ministry said Thursday that it will consider holding talks with relevant countries to discontinue official development assistance grant-in-aid projects that have no prospect of progress, such as due to long-term suspension.
The ministry was informed by the Fiscal System Council, which advises the finance minister, in October that 196 billion yen worth of funds had been left unused at the Japan International Cooperation Agency as of the end of fiscal 2020.
Of the sum, about 74.4 billion yen was affected by business delays due to deteriorating local situations and unsuccessful bids, the ministry said. The rest was temporarily managed by JICA after projects were finished, according to the ministry.
“We aim to decrease (the stagnant funds) by a scale of some 10 billion yen,” Tomoyuki Yoshida, press secretary of the ministry, told a press conference.