### Chart I-1. Japan’s Efforts through the Growth Initiative towards Doubling the Size of Asia’s Economy

## ODA = up to ¥2 trillion (US$20 billion)

## Budget support for governments of developing countries

Timely provision of funds for expansion of domestic demand in coordination with the World Bank and the Asian Development Bank (ADB), utilizing Emergency Budget Support ODA Loans (up to ¥300 billion (about US$3 billion)).

## 2 Assistance for sectors and people vulnerable to the impact of the current crisis

Implementation of assistance in such areas as the building of safety nets, support for farming villages and regions, health care and medical services, primary and secondary education, and food.

## I nfrastructure development

Implementation of infrastructure development in priority areas such as roads, railways, and port facilities.

## Assistance for capacity building in planning, formulating, and implementing fiscal and monetary policy

Dispatch of experts such as monetary policy advisors.

## Assistance for small and medium-sized enterprises (SMEs) and facilitation of trade and investment

Study for development of SMEs, assistance for the development of systems in such areas as trade and investment environment, assistance for business, dispatch of experts such as policy advisors.

## Building a low-carbon society

Assistance in such areas as high-efficient power plants, forest management, promotion and development of related systems of energy saving and renewable energy, and waste management for a low-carbon society, through the active utilization of Japan's advanced technologies such as environmental technologies. Promotion of climate change program loan for comprehensive assistance to climate change policy.

## Human resources development and promotion of people-to-people exchanges

Development of industrial human resources to underpin the economic growth in Asia through assistance for development of core human resources in such areas as supporting industry, promotion of industry and investment, establishment of technology institutes, youth exchanges, etc., with the utilization of Japan's technologies

## Other Official Flows (OOF)

## Assistance for infrastructure improvement

The Nippon Export and Investment Insurance (NEXI) will establish a new line of trade insurance amounting to US$20 billion.

## Facilitation of trade finance in developing countries (Additional US$22 billion for two years)

The Japan Bank for International Cooperation (JBIC) will enhance trade finance up to US$6 billion in cooperation with ADB and others. NEXI will make available trade insurance up to US$16 billion. Strengthening of collaboration between NEXI and JBIC and export credit agencies in each country (world-wide promotion of trade insurance network, etc.).

## I nitiative “Leading Investment to Future Environment” (LIFE) (approximately US$5 billion for two years)

Assistance for investment in developing countries (mainly in Asia) in the area of environment.

Establishment of the Bank Recapitalization Fund for developing countries by the Japan Bank for International Cooperation (JBIC) and International Finance Corporation (IFC)

Investment of approximately US$2 billion from JBIC.

## Assistance to Indonesia in issuing “Samurai Bonds”

JBIC will provide a guarantee for a Japanese yen equivalent of up to US$1.5 billion for two years.

## Contribution to multilateral efforts

## Conclusion of lending agreement with International Monetary Fund (IMF) of up to US$100 billion

Japan signed an agreement to expand the IMF's financial foundations, which was followed by similar announcements by the EU and Canada.

## General capital increase of Asian Development Bank (ADB)

This increase is an urgent matter in order to fully respond to the current crisis.

Promotion of multilateralization of the Chiang Mai Initiative

Promotion of infrastructure development with the participation of private finance

Pilot projects to promote infrastructure development with private finance will be implemented through the Economic Research Institute for ASEAN and East Asia (ERIA).

## Promotion of development of local currency denominated bond markets in Asia