Japan Prime Minister Kishida unveils $4 bil. credit line for developing nations

Japanese Prime Minister Kishida Fumio has announced a 4-billion-dollar credit line for developing and other nations to help them tackle climate change and other challenges.

Kishida spoke on Saturday at an event related to the Group of Seven summit underway in the western Japanese city of Hiroshima. The event took up infrastructure investment in developing and other countries.

Kishida said the loans will also be used to strengthen food security, assist small and mid-sized firms and empower women. He said the aid will be offered through the Japan International Cooperation Agency.

Kishida stressed that Japan aims to use infrastructure investment to create societies that do not leave anyone behind.

He said the investment will boost the use of clean energy, build societies resilient to climate change, bolster supply chains and connect people through digital technology and transport infrastructure.

The prime minister promised that the investment will be made in a fair and transparent manner to advance sustainable development.