ODA spending up 11.1% in 2013

JIJI

Japan disbursed $11.786 billion in real terms under its official development assistance program in 2013, up 11.1 percent from the year before, according to data released Tuesday by the Organization for Economic Cooperation and Development.

Japan’s net ODA amount with repaid yen loans deducted increased for the first time in three years as a result of its moves to give up financial claims on Myanmar, such as forgiving delinquent interest repayments on yen loans, as part of its assistance for democratization of the Southeast Asian nation.

In 2013, net ODA disbursements by 28 member countries of the OECD Development Assistance Committee totaled $134.838 billion, up 6.2 percent, the Paris-based organization of industrialized countries said.

The United States was the biggest ODA provider with $31.545 billion. Japan ranked fourth, up from fifth in 2012, while Britain came second and Germany third.