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The fifth Tokyo International Conference on African Development opened Saturday with a look back over the forum’s past 20 years, discussions about the future and a pledge by Prime Minister Shinzo Abe of ¥3.2 trillion in aid to the continent.

“Over the next five years, Japan will support African growth through public and private funds totaling ¥3.2 trillion, including official development assistance of around ¥1.4 trillion and other public and private resources of around ¥1.6 trillion,” Abe vowed at TICAD V. “We will also underwrite a maximum of ¥200 billion in trade insurance.”

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