Japan establishes fund for information and communication technology.

0 Comments | M2 Presswire, July, 2001

M2 PRESSWIRE-31 July 2001-ADB: Japan establishes fund for information and communication technology (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:31072001 MANILA, PHILIPPINES -- The Asian Development Bank (ADB) approved today the establishment of a [yen]1,273.3 million (approximately $10 million) Japan fund to harness the potential of information and communication technology (ICT) and bridge the growing digital divide in Asia and Pacific.

ADB will administer the Japan Fund for Information and Communication Technology (JFICT) which is financed with the contribution from the Japanese government. The JFICT will support ICT-related activities on a grant basis that promote ADB's poverty reduction strategy, encourage private sector participation in ICT...