Japan pledges US$1b to back UN development goals
Date: July 18, 2017
Source: The Business Times
[UNITED NATIONS] Japan on Monday pledged US$1 billion over the next two years to back the UN’s development agenda, raising its profile as one of the world’s largest foreign aid donors.
Foreign minister Fumio Kishida told a meeting at the United Nations that the funding will go to help children and youth worldwide, in particular to promote education, health, disaster response and gender equality.
The announcement provided a boost to the United Nations as it seeks to build support for its sustainable development goals (SDGs) that call for ending extreme poverty by 2030 among other objectives.
UN humanitarian aid agencies are facing a funding crisis as they struggle to cope with growing demands from world crises while the United States is threatening deep cuts to its financial support for the world body.