Wed. Jul 24th, 2019

Japan, Palau exchange notes on 400-million yen Japanese grant aid

Front row: Palau Ambassador to Japan Francis Matsutaro (left) and Japan Ambassador to Palau Toshiyuki Yamada (right) during the exchanging of notes for the two Japanese grant aid worth 400-million yen. Behind them are Palau President Tommy Remengesau, Jr. (left) and Japan Prime Minister Shinzo Abe (right). (Photo courtesy of Japan Embassy)   

Palau and Japan exchanged notes on March 8 on the two Japanese grant aid worth 400-million yen intended for Palau’s economic and social development programs and maritime safety and infrastructure development.

In a press statement sent by the Japan Embassy in Palau to the media, it was stated that Japan Ambassador to Palau Toshiyuki Yamada and Palau Ambassador to Japan Francis Matsutaro had exchanged notes on the two grant aid in the presence of Palau President Tommy Remengesau, Jr. and Japan Prime Minister Shinzo Abe.

Half of the grant aid will be invested on a project to improve Palau’s land and sea transportation, infrastructure development, and aquaculture promotion through provision of boat with outboard motor, tugboat, and power shovel.

“Government of Palau places the fishery industry as a traditional key industry in the “Palau 2020: National Master Development Plan”. It aims to sustainably develop marine resources in harmony with the natural environment and focuses on prevailing aquaculture, regulating and monitoring coastal and offshore fisheries,” the statement reads.

The remaining half of the grant will be allocated for the development of Palau’s maritime safety and infrastructure through improvement of channel beacons.

“Currently, channel beacons necessary for night navigation are not sufficiently maintained in Palau. Therefore, improvements of channel beacons are an urgent issue, since vessels including surveillance vessels are currently obstructed with their safe navigation,” the statement added.

According to the same statement, the aid from Japan was part of the assistance announced by its government during the 8th Pacific Islands Leaders Meeting held in Iwaki City, Fukushima Prefecture on May 18-19, 2018. (Rhealyn C. Pojas)

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