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Deputy Prime Minister and Minister of Finance Taro Aso at the Asian Development Bank's annual meeting in Yokohama, Japan, on May 6. (Photo by Akira Kodaka)
ADB Annual Meeting 2017

Japan to donate $40m to ADB infrastructure fund

Development bank to promote high-tech projects in Asia

KENTARO IWAMOTO, Nikkei staff writer | Japan

YOKOHAMA, Japan -- Japan will donate a total of $40 million to assist with high-level infrastructure projects elsewhere in Asia, Deputy Prime Minister and Minister of Finance Taro Aso announced on Saturday at the Asian Development Bank's annual meeting.

The funds will be transferred over the next two years to the ADB's newly established High-Level Technology Fund, which is designed to help with cutting-edge projects in Asia in fields such as clean energy and transportation. The fund will be used to hire experts, cover additional costs of adopting new technologies and provide necessary equipment.

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