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Mongolia, other nations to receive funding from Japan PDF Print E-mail
Monday, 31 March 2008
ImageAs part of an ongoing financial aid program in Asia, Japan announced Friday that it will provide more than $1 billion in low interest loans to countries throughout Asia. 

Mongolia will also be a recipient of these funds as Japan intends on providing nearly $230 million for building a new airport in Ulaanbaatur. 

Other programs to be funded by Japan include $171 million to the Philippines to assist in funding an expressway being built through central Luzon. 

In Indonesia, Japan will provide $607 million to expand the medical research department at the university of Indonesia. Some of this money will also be used by Indonesia to add another track to one of Indonesia’s busiest railroad routes. 

In the days preceding the end of its fiscal year on March 31, Japan often announces foreign aid grants. 

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